Nifty - at camarilla R4 resistance
Nifty made a strong move upwards moving from R3 to R4 with good momentum. 18032 is a critical resistance and if this is breached, then it can go on to 18276 as the next resistance.
PCR at 1.26 is quite supportive of an upside move with strong support at 18k.
FIIs were net sellers at -124cr and DII net buyers at 482cr. With better institutional buying support, nifty can easily breach R4 resistance.
Likely we could see some consolidation before the move upwards. What do you think?
PCR at 1.26 is quite supportive of an upside move with strong support at 18k.
FIIs were net sellers at -124cr and DII net buyers at 482cr. With better institutional buying support, nifty can easily breach R4 resistance.
Likely we could see some consolidation before the move upwards. 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.