Bank Nifty- Gap to be filled?
Bank Nifty couldn't rally to fill the Gap left behind on 20th. This is significant because the FII/DII net 766cr buying could not take Bank nifty break monday high either.
If FII buying resumes today, then could we see the critical 34800 level broken?
PCR at 0.85 --has recovered well on the back of one green trading session. Will it be sustained today?
The chart is still trading below the 200EMA, which is another resistance to be broken if prices have to move upwards.
For support/resistance levels & other data, pls check out my twitter handle @OptionsNo11
Meanwhile despite the small pullback, chart still looks weak...unless it sustains above 35000 today in first trading hour. Lets see.
If FII buying resumes today, then could we see the critical 34800 level broken?
PCR at 0.85 --has recovered well on the back of one green trading session. Will it be sustained today?
The chart is still trading below the 200EMA, which is another resistance to be broken if prices have to move upwards.
For support/resistance levels & other data, pls check out my twitter handle @OptionsNo11
Meanwhile despite the small pullback, chart still looks weak...unless it sustains above 35000 today in first trading hour. Lets see.
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