#nifty50- Close to 200EMA support, Gap to be filled
Nifty crashed by more than 500pts and closed close to the 200EMA.
PCR is oversold at 0.47.
Global cues remain a concern however US futures are making a recovery post the crash.
SGX Nifty futures are now trading above 17000 levels, a gain of 200pts.
So tomorrow, we could see a recovery with gap getting filled. With no other significant negative cue, global sentiment will probably play a major role tomorrow.
What do you think?
PCR is oversold at 0.47.
Global cues remain a concern however US futures are making a recovery post the crash.
SGX Nifty futures are now trading above 17000 levels, a gain of 200pts.
So tomorrow, we could see a recovery with gap getting filled. With no other significant negative cue, global sentiment will probably play a major role tomorrow.
What do you think?
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