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Top Nifty losers were Bajaj Finance, Titan Company, UltraTech Cement, NTPC and Bajaj Finserv, while gainers were Tata Motors, BPCL, Grasim Industries, Eicher Motors and Adani Enterprises
Shah also suggests that market participants stay away from over-leveraged trades, and feels that the automobile, capital goods, and pharma sectors are likely to outperform in the next couple of trading sessions
Investors will focus on speeches by several FOMC officials including Fed Chair next week.
It is a 2-day candlestick pattern in which there is a long green candle on the next day within the range of the previous day but that closes below the midpoint of the previous day’s candlestick body.
Dark Cloud Cover on charts: 4 stocks which may see bears taking over