Nifty, Sensex may trade range-bound; 5 things to know before opening bell on Dalal Street today
After nearing their all-time highs, Sensex and Nifty ended yesterday’s volatile trading session flat. S&P BSE Sensex now sits at 44,618 points while the NSE Nifty 50 is at 13,113. “A small negative candle was formed on Wednesday with lower shadow, which signal a formation of hanging man type candle pattern. Normally, a formation of hanging man after a reasonable upmove are considered as a warning signal for reversal of trend post confirmation,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities. He, however, casted doubts on immediate negatives.