Technical View: Nifty forms Doji pattern, negative market breadth suggests selling pressure
Positional traders can continue with their short positions for a target of 11,740, intraday traders can consider fresh shorting if the index trades below 11,888 for at least 30 minutes in the next session, says Mazhar Mohammad.
The Nifty snapped a two-day losing streak and closed moderately higher in a volatile session of trade on December 9, supported by select banking and financial stocks and Reliance Industries.
The index managed to defend 11,900 levels and formed a Doji pattern
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