Nifty futures were trading 26 points or 0.16 per cent up at 16,365 on Singaporean Exchange, suggesting a positive start for BSE Sensex and Nifty 50 on Friday. In the previous session, BSE Sensex fell 163 points from to end at 55,629, even after hitting a new record high of 56,118. While Nifty 50 index gave up 16,600 levels, despite surging to 16,701.85, a fresh all-time high. “After a long time on daily charts, Nifty has formed a bearish candle and intraday charts are also indicating a further weakness from current levels. In the near future, the benchmark index may consolidate between 16420 to 16700 levels,” Shrikant Chouhan, Executive Vice President, Equity Technical Research, Kotak Securities, said.
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