New Delhi, Sept. 2 -- On Tuesday, the Nifty 50 began the session on a muted note and initially held around the 24,000 level. Buying interest from lower levels helped the index recover, cross the previous session's high and touch an intraday peak of 24,143.15. The move, however, lost momentum as selling pressure returned at higher levels.

The index later slipped below 24,000 and also breached the previous session's low, falling to 23,952.55. A late recovery during the Closing Auction Session (CAS) helped trim most of the losses, with the Nifty eventually ending at 24,055.80, down 24.60 points or 0.10%.

The session formed a small-bodied candle with long shadows on both sides, resembling a High Wave candle. The pattern reflects sharp intra...