Nifty - 8th close below 200EMA on daily, 15800 key support
Nifty charts remain weak, 8th consecutive day close below 200EMA on daily charts. Crucial support of 15800, if broken, will open lower levels. PCR at 0.84 and Vix above 25 indicate that there is some more of the same to come. Markets aren't in safe zone yet. CPR is very narrow and trending market can be expected tomorrow. More threats are flying around with no solution in sight to the ukraine issue, so let us buckle up and hope crude holds. What do you think?
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