#nifty Unable to close above 100EMA for 4th consecutive day
Nifty closed below 100EMA once again for the fourth consecutive day. FII/DII were net sellers at 341cr. PCR for next week expiry is 1.03 . CPR tomorrow is 24pts wide, so a trending market is probable. Global cues are still making the market uncomfortable and is the dominant factor. Expect further downside with selling on rise rampant as people move to cash and less risky avenues. What do you think?
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