#banknifty : Leaves a Gap, Future green?
Bank nifty crashed due to global cues, so when will it be able to make a bounce back? SGX nifty futures are trading 200pts higher, so are US market futures. So is the fear over? We will know tomorrow. The gap down opening today has left a big gap to be filled. 36570 is a major support from where there was a bounceback earlier. Charts have obviously lost its shape due to the impact of global cues, however there are already indicators of a pullback.
PCR at 0.56 is quite oversold.
So will there will a bit more of steam blowoff before markets recover or will it be quick tomorrow? what do you think?
PCR at 0.56 is quite oversold.
So will there will a bit more of steam blowoff before markets recover or will it be quick tomorrow? what do you think?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.