On the charts, a small positive candle was formed with gap down opening with upper and lower shadow, according to Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
Domestic equity market benchmarks BSE Sensex and Nifty 50 were staring at a negative start on Thursday, as suggested by trends on SGX Nifty in early trade
Nifty futures were trading 98.50 points or 0.69 per cent higher at 14,374.50 on Singaporean Exchange, indicating a gap-up start for BSE Sensex and Nifty 50 on Tuesday.
The Nifty 50 index is likely to hit 15,800 levels by December 2021, implying a rally of over 12 per cent from the recent record high level, says brokerage firm Jefferies India