Nifty- Green candle did not breach 50EMA today...
Nifty made a strong green candle today but fell short of the 50EMA. Last trading session, nifty had taken resistance at 50EMA and made a red candle.
Gap up opening tomorrow could mean Nifty taking resistance again. FIIs sold for 1038cr today and were almost matched by DIIs 956 cr buying.
PCR jumped above 1.16 indicating expectation of upwards momentum by option sellers. On a contra view, we could see a down move from the resistance.
**For levels for tomorrows trade-- you may want to check my twitter handle @OptionsNo11 - Nifty & Bank Nifty levels - Vix , FII , CPR & options/ PCR data. The calculations are posted on this twitter handle @OptionsNo11 every night by 10pm.
Gap up opening tomorrow could mean Nifty taking resistance again. FIIs sold for 1038cr today and were almost matched by DIIs 956 cr buying.
PCR jumped above 1.16 indicating expectation of upwards momentum by option sellers. On a contra view, we could see a down move from the resistance.
**For levels for tomorrows trade-- you may want to check my twitter handle @OptionsNo11 - Nifty & Bank Nifty levels - Vix , FII , CPR & options/ PCR data. The calculations are posted on this twitter handle @OptionsNo11 every night by 10pm.
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