Yesterday, the National Stock Exchange (NSE) 50-share index NIFTY50 closed sharply lower at the level of 11,244.70, forming a ‘Bearish Belt Hold’ pattern on a daily candlestick chart. Weak global cues amid renewed trade war concerns dented market sentiment.
After opening at 11,328.90 which was also an intraday high traded sharply lower to break the 11,300-mark and hit an intraday low of 11,234.95.
The Nifty bank index closed at 27,355.95, down 240.65 points on Thursday.
Nevertheless, it is expected to see a positive opening in Friday’s trading session.