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The Nifty50 started off the last day on a positive note following positive global cues but immediately wiped out those gains to trade volatile for rest of the day and closed mildly in the red on Friday. Investors await another batch of earnings reports.
The index formed a bearish candle on the daily charts and a decent bullish candle on the weekly scale.
Flat close with a negative bias indicated that the market took a breather after rallying sharply in the previous session, but managed to hold the psychological 11,000-mark for the second consecutive session which hinted that bulls have not given up yet and may help the index hit earlier record high of 11,171 seen in January, experts said.
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