NIFTY50 consolidates at record high, forms doji pattern

Markets hit a fresh all-time high to end the day at record levels, led by broad-based buying across sectors. The NIFTY50 index rose 0.3% to close at 24,586 while the Sensex gained 0.1% to 80,664.

Barring IT (-0.2%), all major sectoral indices ended the day in green. PSU Banks (+3.0%), Oil & Gas (+1.9%) and Reality (+1.3%) were the top performers.

The NIFTY50 has formed a doji candlestick pattern on the daily chart, reflecting investor indecision at record-high levels. The doji is a neutral candlestick pattern, which indicates that the opening and closing prices are around the same level.

As the doji is considered a neutral pattern, a close above or below it will provide traders with further directional clues. A close above the doji would signal a resumption of the ongoing bullish trend, while a close below would indicate weakness, leading to profit-booking ahead of next week's Union Budget.

• Top gainer and loser in NIFTY50: ONGC (+5.1%) and LTIMindtree (-1.6%)

• Broader markets hit a fresh all-time high and ended the day in green. The NIFTY Midcap 100 index rose 0.8%, while the Smallcap 100 index rose 0.5%.

• Top gainer and loser in NIFTY Midcap 100: IDBI Bank (+6.7%) and Mazagon Dock Shipbuilders (-2.9%)

• Top gainer and loser in NIFTY Smallcap 100: Castrol India (+7.3%) and Sonata Software (-3.0%)

Key highlights of the day

Top traded futures contracts

Top traded options contracts

4 trading insights from NIFTY 200🔍

📉Open=High (Bear power): Astral, Asian Paints, PI Industries, Jubilant Foodworks and Persistent Systems

📈Open=Low (Bull power): Zomato, State Bank of India, Max Healthcare, Apollo Hospital and MRF

🏗️Fresh 52 week-high: ONGC, GAIL, Aurobindo Pharma, Oracle Financial Services Software and SBI Life

⚠️Fresh 52 week-low: N/A

See you tomorrow!