banknifty- Massive gap up again? Will it go towards 38800?
banknifty will probably also have a gap up opening (if sgx nifty indicating 200pts gap up for Nifty currently). CPR is narrow so a trending day is expected. Weekly chart shows two back to back gren candles on Nifty/banknifty charts. FIIs have turend net buyers on last few trading sessions. CPR is 0.97. Vix has fallen to 22.61 any fall below 20 could be extremely comforting for the markets. What do you think?
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