After winning four days in a row, the NIFTY finally closed on a weak note in its last trading session on Friday. As a result, it formed an indecisive Doji pattern on the daily candlestick charts. However, on the weekly scale, the index was able to form a bullish candle.
The NIFTY index which opened at the level of 11,566.60 touched the intraday high of 11,604.60 but the moment next it starts losing and touched an intraday low of 11,532.00.
The same was seen in another major index of domestic market SENSEX which closed at 38,251.80 despite opening on a positive note at the level of 38,366.79.
Taking cues from global sentiment and previous trading sessions in the domestic market, it is expected to see a positive opening on Monday.