The National Stock Exchange (NSE) Nifty index which opened negative in previous trading session recouped all its morning losses and surged higher above 10,500-50 and closed near the level of 10,582.50 (100.30 points up). During its trading session it touched an intraday high of 10,596.25. The first candlestick is a strong red candle or a bearish candle which is followed by a green or a bullish candle. It is a potential signal for a reversal.
The Nifty Bank index closed at 25,768.6 on yesterday.
Update: The Indian stock market regulator Securities and Exchange Board of India (SEBI) on yesterday issued new norms for credit rating agencies to enhance transparency in their disclosures.
Taking cues from the global sentiment and previous domestic trading session it is expected to see a positive opening in today’s session too.