NEW DELHI: Nifty made a gap opening on Wednesday but succumbed to profit booking and formed a small indecisive bearish candle with a long lower shadow. The headline index managed to settle a tad higher than its previous close.
After narrow trading for the last five sessions with indecisive candle formations, the index appears to be carving out a new trading range in the 15,270-14,900 zone, said Mazhar Mohammad of Chartviewindia.in.
Vinod Nair, Head of Research at Geojit Financial Services, said, “Domestic markets mirrored positive cues from its global peers, tracking gains from the US market as bond yields pulled back easing concerns about rising inflation.
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