Nifty 50, Sensex today: What to expect from Indian stock market in trade on January 17

The Indian stock request indicators, Sensex and Nifty 50, are anticipated to open lower on Wednesday amid weak global cues. The trends on Gift Nifty also indicate a negative launch for the Indian standard indicator. The Gift Nifty was trading around 21,40 position as compared to the Nifty futures ’ former close of 22,025. On Tuesday, the frontline indicators ended lower, snapping their five- day winning band amid negative global cues. The Sensex declined199.17 points to close at 73,128.77, while the Nifty 50 settled65.15 points, or0.29, lower at 22,032.30. Nifty 50 formed a small negative candle on the diurnal map with minor upper and lower shadow. Technically, this pattern indicates a conformation of high surge type candle pattern. similar conformations beside the long bull candle of Monday signal connection movement in the request, after the recent sharp downside rout,” said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.The Indian stock request indicators, Sensex and Nifty 50, are anticipated to open lower on Wednesday amid weak global cues. The trends on Gift Nifty also indicate a negative launch for the Indian standard indicator. The Gift Nifty was trading around 21,40 position as compared to the Nifty futures ’ former close of 22,025. On Tuesday, the frontline indicators ended lower, snapping their five- day winning band amid negative global cues. The Sensex declined199.17 points to close at 73,128.77, while the Nifty 50 settled65.15 points, or0.29, lower at 22,032.30. Nifty 50 formed a small negative candle on the diurnal map with minor upper and lower shadow. Technically, this pattern indicates a conformation of high surge type candle pattern. similar conformations beside the long bull candle of Monday signal connection movement in the request, after the recent sharp downside rout,” said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.