Nifty50 saw steep selling pressure after hitting a record high on Wednesday, as the index ended up forming a ‘Bearish Engulfing’ candle on the daily chart. For now, any recovery on the index will be vulnerable to selloffs, said analysts. Chandan Taparia of Motilal Oswal Securities said that the index needs to hold above 12,850-12,900 to make an attempt for 13,000 level.
– Stocks-Markets-Economic Times
