Nifty wiped out initial gains in the last couple of hours of
trade amid volatility due to F&O expiry and correction in European indices
on June 27.The index failed to hold
11,900 and closed flat, forming bearish candle that resembles Shooting Star
pattern on daily charts.A 'Shooting Star' pattern is
formed when the index comes under selling pressure as traders start booking
profits at higher levels. This pattern is usually formed in an uptrend and is
treated as a reversal pattern, but it would require confirmation before we can
conclude that the trend will get reversed in the near future.Buzzing stock CreditAccess gains 8% on
completion of direct assignment of Rs 139 crore SBI nears record high on
fundraising plan; stock rises 7% in six days Real estate shares in focus;
Godrej Properties hits record high Cox & Kings hits lower circuit for 2nd
straight day, tanks 57% in a month DHFL promoters sell stake in wealth
management business to employees Bitcoin climbs to 18-month high, soars past
$13,000 as Libra spurs interest.
No comments:
Post a Comment