Nifty- Doji above 100EMA
Nifty closed on a aritical pivot 17213 with an indecisive doji candle today. With DII/FII net at 32cr, market remained neutral from the other participants as well. PCR at 1.09 dropped from yesterday-also indicates a neutral view of option writers as well.
If Nifty remains above 100EMA, net resistance is at 17375, if there is a gap down opening and 100EMA is breached, then 16800 is the next support.
CPR width is just 12 points tomorrow, so we can expect a trending market...probably with a downward bias.
Let us see how markets go tomorrow--there seems to be lack of momentum on either side.
**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 around 10pm.
If Nifty remains above 100EMA, net resistance is at 17375, if there is a gap down opening and 100EMA is breached, then 16800 is the next support.
CPR width is just 12 points tomorrow, so we can expect a trending market...probably with a downward bias.
Let us see how markets go tomorrow--there seems to be lack of momentum on either side.
**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 around 10pm.
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