Street signs: Mkts turn skittish near new highs, Index fund inflows & more

Markets turn skittish near new highs

The benchmark indices registered declines in the previous two trading sessions, which could be a bearish sign, observe analysts. “The National Stock Exchange Nifty has given back-to-back lower closes on the daily charts for the first time since May 17, 2023. The index has given a breakdown of the rising wedge pattern on the daily charts. On the derivatives front, foreign portfolio investors were seen increasing their short exposure to index futures. The maximum call and put open interest for the Nifty was placed at 18,700, and the bears have further strengthened their positions at