The session saw Nifty forming a small positive candle on the daily chart with a long lower shadow, which could be considered as the formation of another Doji pattern, signaling further up move in the short term.
Market barometer Sensex edged up 9.71 points to close at 46.463.17 points, while peer Nifty, too, advanced 9.70 points to 13,567.85.
In stock specific movement, Bajaj Finance crossed the Rs 3 trillion mark in terms of market capitalization, while Burger King jumped another 20 per cent after a spectacular debut in the previous session.
“We’re seeing consolidation in the index on the expected lines but the bias is still on the positive side. A decisive break above 13,600 in Nifty could further fuel the rally. However, on the flip side, the breakdown below 13,400 may induce the participants to…