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Nifty on Wednesday ended flat with a gain of just 1 point and formed a Small Negative candle with a lower shadow on the daily chart, ahead of the RBI policy outcome on Thursday.
A small negative candle emerged on the daily chart with a minor lower shadow. Technically, this pattern suggests a slight upside bounce in the market with range-bound action
A small negative candle was formed with a minor lower shadow. Technically, this pattern signifies a lackluster movement in the market at the hurdle of the down-sloping trend line around 19800 levels
Foreign fund outflows and elevated levels of crude oil prices also weighed on investor sentiment, traders said