According to the technical analysis, the NASDAQ has been forming a lengthy bear candle. Thursday's trading recommendations

Headline equity index Nifty developed a long bear candle on the daily charts today, signaling a bearish breach of the previous sideways range movement in the market. For the next leg higher to 18,181 and 18,250 zones, it must now hold 18,018 zones. According to Chandan Taparia of Motilal Oswal, "assistance existed at 17,950 then 17,777 zones."

The India Volatility Index rose from 14.38 to 15.19, an increase of 5.68 percent.....