Nifty 50, Sensex today: What to expect from stock market indices in trade on September 27

livemint.com:

Sensex closed flat with a lower bias following weak cues from global peers as the US Treasury yields hit a multi-year high and the US dollar rose to a 10-month high level amid concerns over interest rates staying high for an extended period and its impact on the global economy. The Sensex closed 78 points, or 0.12%, lower at 65,945.47, while the Nifty 50 finally ended at 19,664.70, down 10 points, or 0.05%. Also Read: 6 things that changed for the stock market overnight - Gift Nifty to falling US consumer confidence Nifty formed a small body of negative candle on the daily chart with minor upper and lower shadow.

“Technically, this pattern shows a squeeze type formation, where the underlying prepares to show big moves on either side eventually. After the formation of doji type candle pattern on Monday, the market was expected to show a reasonable upside bounce in the subsequent session. Hence, an inability of bulls to witness any sustainable upside bounce from here could eventually result in a decisive downside breakout of the present range movement," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

The high low areas to be watched for the short term are around 19,750-19,600 levels, he added. Also Read: Buy or sell: Vaishali Parekh recommends buying in 3 stocks today - September 27 Here’s what to expect from Nifty 50 and Sensex today: Nifty remained largely range-bound throughout the previous session as traders appeared uncertain. “However, the short-term sentiment remains bearish as Nifty closed below the 21-EMA.