 "markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain")
Nifty forms bearish candle
The benchmark Nifty and the Sensex have breached key support levels of 18,170 and 61,000 respectively. Analysts say the indices have formed a long bearish candle which suggests further weakness. “We are of the view that the short term trend remains weak in spite of the oversold situation in the market. The weekly trading set up suggests 17,800 would be the immediate hurdle for Nifty. If it succeeds to trade above the same, we can expect a pullback rally up to 17,920-18,000-18,070. On the flip side, below 17,800, the correction wave may continue up to 17,600-17,500-17,420 levels,”
