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Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

Downs in the D - Street: Engulfed by bears in weekly chart
 

The Nifty traded lower for the major part of the day on Friday and closed in the red for the second consecutive session on December 6, dragged by selling pressure across sectors. A weak economic growth outlook, expected higher inflation, and a likely slip in fiscal path dented the sentiments.
 

A bearish candle suggests that the bears were able to regain control after the index moved in a narrow range for the past few sessions. It is usually seen as the end of an uptrend but if the