After forming a bearish candle on the previous day, follow-through action was seen in today's session
FinTech BizNews Service
Mumbai, 1 November, 2023: Aditya Gaggar Director, Progressive Shares, believes: “After forming a bearish candle on the previous day, follow-through action was seen in today's session and bears struck back by breaching the psychological support of 19,000. Nifty50 corrected by 90.45 points or 0.47% and settled at 18,989.15. Metal was the major laggard in today's trade followed by IT while the Realty segment extended its northward journey. Selective buying was observed in the Pharma and Media sectors. Mid and Smallcaps also corrected but managed to outperform heavyweights. Back-to-back bearish candles on the daily chart indicate that the relief rally seems to be over and now the Index is heading toward filling the bullish gap zone i.e. 18,865-18,925.”
