New Delhi, Nov. 18 -- The Indian stock market fell for the sixth successive session on Thursday, 14 November, due to weak global trends, a rise in the dollar index, a weakening rupee, and a sell-off from foreign investors. The Nifty50 index closed at 23,532.70 on Thursday, 0.11% lower than the previous close.
The index formed a bearish candle on a weekly timeframe chart with lower high lower and low price structure. Furthermore, on the daily timeframe chart, it has marginally closed below 200-day moving average (200-DMA) and formed a "doji" candlestick pattern, which indicates uncertainty among buyers and sellers.
The Nifty50 has corrected sharply in the past few weeks and is currently trading near its 200-DMA which may act as a key sup...
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