Nifty- Flying towards 18276
Nifty made a green bullish candle with a gap- accelerates towards the next resistance level 18276.
With the FII selling for -1002cr and DIIs buying for 1332cr-> the net 330cr buying by institutions helping it along.
PCR went higher towards 1.29 indicating option writers bias towards further upside....contra indication could be indicating some correction. Option chain indicates current week expiry level at 18150.
Gap up opening indicated tomorrow on the back of some excellent corporate results by Infosys/TCS etc.
Covid news remained as per expectation, hence probably the impact already factored in the prices.
CPR width at 22 points is extremely narrow, indicates a trending market tomorrow.
Upside factors remain dominant - what do you forsee?
With the FII selling for -1002cr and DIIs buying for 1332cr-> the net 330cr buying by institutions helping it along.
PCR went higher towards 1.29 indicating option writers bias towards further upside....contra indication could be indicating some correction. Option chain indicates current week expiry level at 18150.
Gap up opening indicated tomorrow on the back of some excellent corporate results by Infosys/TCS etc.
Covid news remained as per expectation, hence probably the impact already factored in the prices.
CPR width at 22 points is extremely narrow, indicates a trending market tomorrow.
Upside factors remain dominant - what do you forsee?
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