Nifty Swing Bcak to Range: Beras Roaring at D-Street!!
On Friday,The Index opened negative as expected and traded in the red throughout the day, finally ended at 10943.60. The market witnessed selling pressure across the board except Realty sector as A/D ratio was negative. It again comes back to its previous trading range. It broke out the hurdle of 11k, traded higher and swing back in the range suggests it was merely a Bull trap as whole market not participated in this rally. Despite the rate cut by RBI, it is seen a profit booking session for two consecutive sessions and closed the day at the lowest point. It made an "Evening Star" Candlestick Pattern on the... Read More