#nifty- inside bar candle on weekly chart
Nifty made a fantastic rally due to spirited buying by DIIs-4100cr, compared to selling by FIIs for 3246cr. Will DIIs be able to support the market tomorrow again? Global sentiments will again dictate much of what happens tomorrow. Its an inside bar candle on weekly chart and a breakdown is likely given that the vix is at 26.7 and markets are clearly unsettled. Trade with caution and hope the 50EMA acts as a support on the weekly charts. 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.