The hammer is a bullish reversal candlestick pattern characterized by a small body near the top, a long lower wick, and little to no upper shadow. It signals a shift from selling to buying pressure.

An analyst from YES Securities said that Kotak Bank formed an ‘Inside bar’ candlestick pattern on the weekly chart, near the previous swing high of Rs 2,250.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around ...