Trade setup for Tuesday: Top 15 things to know before the opening bell
Based on the OI percentage, 61 stocks including HDFC AMC, Adani Enterprises, NMDC, Atul and Exide Industries saw a short build-up.
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Based on the OI percentage, 61 stocks including HDFC AMC, Adani Enterprises, NMDC, Atul and Exide Industries saw a short build-up.
Indian equity benchmarks Sensex and Nifty closed lower due to profit booking and heavyweights like ICICI Bank and Reliance Industries facing selling pressure, resulting in losses for many private banks. The PSU banks, however, saw the highest sectoral gains. Looking ahead, there may be more volatility as the Nifty has been witnessing significant swings in both directions for the past three trading sessions. In other global markets, European shares fell and the US was closed for Juneteenth on 19 June.
Learn about candlestick patterns and the 10 most reliable types for trading the financial markets - featuring images, expert trading tips and technical insights.
If Nifty Bank moves further lower, HDFC Bank will fall more compare to other banks, as the stocks looks technically weak after gap down on Friday.
Dark Cloud Cover, a fascinating candlestick pattern, signals a potential shift in the market's momentum.