Nifty Halts 4-Week Bull Run
The Nifty snapped a four-week gaining streak on Friday, as it fell 2.1 per cent for the week and formed a bearish engulfing pattern on the weekly charts, said Deepak Jasani, Head of Retail Research, HDFC Securities. “The Nifty has been facing selling pressure on rises and we expect this to continue," Jasani said. The cash market volumes on the NSE were high at Rs 1.50 lakh crore, aided by FTSE index rebalancing volumes towards the end of the session. The Nifty fell on Friday, pulling back after a rally in the previous session.