Bank Nifty- Will it fill the Gap tomorrow?
Bank Nifty has a narrow CPR tomorrow, so we could witness a trending day.
We could see the present upswing continue tomorrow with Bank Nifty trying to fill the gap left behind on 26th (pls check levels marked on chart)
With DIIs buying heavily and good news of economy front and comfort that there is no coronavirus in India- we could see yet another rally.
However 100EMA could act as a significant resistance causing the downtrend to resume.
PCR jumped today to 0.96 which signals bullish bias amongst the option writers. So lets see how markets go tomorrow.
We could see the present upswing continue tomorrow with Bank Nifty trying to fill the gap left behind on 26th (pls check levels marked on chart)
With DIIs buying heavily and good news of economy front and comfort that there is no coronavirus in India- we could see yet another rally.
However 100EMA could act as a significant resistance causing the downtrend to resume.
PCR jumped today to 0.96 which signals bullish bias amongst the option writers. So lets see how markets go tomorrow.
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