Trade setup for Tuesday: Top 15 things to know before Opening Bell
A move below 14,125 could confirm the reversal pattern and that is likely to trigger more weakness in the short term, Nagaraj Shetti of HDFC Securities said. Sunil Shankar Matkar January 19, 2021 / 07:27 AM IST
The stock market, after rangebound movement with a weak bias, tried to recover losses in the afternoon session on January 18, but failed in the attempt and corrected sharply in the last hour of trade. All sectoral indices were caught in the bear trap.
The benchmark indices fell for a second consecutive session with the BSE Sensex declining 470.40 points or 0.96 percent to 48,564.27, while the Nifty50 dipped 152.40 points or 1.06 percent to 14,281.30 and formed a bearish candle on the daily charts.