News > Market snaps 4-day rally on weak global cues; Nifty below 17,800, Sensex falls 621 pts

Market snaps 4-day rally on weak global cues; Nifty below 17,800, Sensex falls 621 pts

Firstpost | 06/01/2022 07:35 PM | Click to read full article

The Nifty witnessed profit booking on January 06 after having run up for the last four consecutive sessions. It had reached near 18000 mark, which was a key barrier & thereon the bulls took a pause for a breather.

As a result of the recent rally, the hourly momentum indicators had reached the overbought zone & with the current minor degree dip, they are getting an opportunity to cool off.