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Daily Market Quote: 31 August 2026
Authored By Prime Research | Published at: Aug 31, 2026 04:45 PM IST
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A small negative candle was formed on the daily chart with long lower shadow. Technically, this market action signals a formation of bullish hammer type candle pattern, but not a classical one. A decisive close only above 24130 could confirm this bullish pattern.
The crucial lower area of 24000 (recent swing low and previous opening upside gap of 29th July) continued to offer support for the market and led to minor recovery from the lows on Monday. As long as this supports holds, there is a probability of more bounce in the market for the near term.
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