Sensex forms Doji candlestick

Mumbai: On the day of weekly expiry, the benchmark indices witnessed narrow-range activity as BSE Sensex was up by 142 points.

Among sectors, the Metal index corrected sharply, trimmed over 1.5 per cent. Whereas positive sentiment continued in Digital stocks.

Technically, on daily charts, the index has formed Doji candlestick formation which indicates indecisiveness between the bulls and bear.

For traders now, 60500 would act as a sacrosanct support level while 61000 could be the important hurdle. Post 61000, the chances of hitting 61250-61400 would turn bright. On the flip side, a fresh round of selling is possible only after the dismissal of 60500 below which, the index could retest 60100-60000.