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The Nifty50 which started on a mildly positive note failed to gain momentum seen in previous three consecutive sessions and closed flat on Wednesday. This was despite sharp weakness in global peers after the United States issued a new list of Chinese products worth $200 billion for potential 10 percent tariffs.
The market took a breather after three-day of gains indicated investors looked cautious ahead of June CPI inflation and May industrial output data due tomorrow.
The 50-share NSE Nifty index formed an indecisive pattern known as 'Doji' on the daily candlestick charts, which also resembles 'Spinning Top’ kind of pattern.
A 'Doji' is formed when the index opens and then closes approximately around the same level but remain volatile throughout the day which is indicated by its long shadow on either side. It appears like a cross or a plus sign.
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