Nifty- green candle sits above 50EMA
Nifty has made a green candle --breaching the 100EMA and 50EMA. FII +207cr and DII +567cr both net buyers today. This helped the Nifty go higher. Will FIIs be net buyers tomorrow also? Lot will depend on that.
The CPR will be extremely narrow---almost one single line---so likely to see a trending day tomorrow.
PCR increased to 1.26, on a contra view could see a correction soon. Nifty has also left a gap below the green candle made today.
Will Nifty be pulled down to fill the gap? let's wait and see tomorrow.
**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.
The CPR will be extremely narrow---almost one single line---so likely to see a trending day tomorrow.
PCR increased to 1.26, on a contra view could see a correction soon. Nifty has also left a gap below the green candle made today.
Will Nifty be pulled down to fill the gap? let's wait and see tomorrow.
**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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