Share On:

Nifty close 8866 points: The Nifty opened with an upside gap and continued its rise hitting a high of 8968 points on 7th Sept 2016, where we saw some profit taking coming in after a gap up open on the daily charts. This resulted in further Bull unwinding on the last trading day of the week, which resulted in the Nifty wiping out almost all the gains of the week. It finally closed a meager 57 points higher (thanks to the R group stocks) than last week but it has made a “shooting star” pattern, which is an ominous sign especially if the Nifty closes decisively below 8696 points this week.

Read More