Nifty - celebrating already??
Nifty surgically checked out all the levels i mentioned yesterday.
Synopsis of todays chart- Nifty made a green candle but failed to close above the 20EMA on weekly chart.
>There was buoyancy of great GDP numbers & comfort of absence of Omicron in India.
>And DIIs (+3467cr) outgunned FIIs (-2766cr) today by a hefty +701 cr - bringing in a round of relief and cheer to everyone.
>Vix came down by significant 8.13%.
>PCR jumped in both nifty and banknifty ahead of the expiry day.
>CPR for tomorrow will be quite narrow - so most likely we will see a trending day. Could be bad news for option writers on an expiry day.
>Nifty has so far retraced 9.5%, there may be scope for some more correction.
Levels are marked on the chart (unchanged from last couple of my posts)
So, where do you see the charts pointing?
Synopsis of todays chart- Nifty made a green candle but failed to close above the 20EMA on weekly chart.
>There was buoyancy of great GDP numbers & comfort of absence of Omicron in India.
>And DIIs (+3467cr) outgunned FIIs (-2766cr) today by a hefty +701 cr - bringing in a round of relief and cheer to everyone.
>Vix came down by significant 8.13%.
>PCR jumped in both nifty and banknifty ahead of the expiry day.
>CPR for tomorrow will be quite narrow - so most likely we will see a trending day. Could be bad news for option writers on an expiry day.
>Nifty has so far retraced 9.5%, there may be scope for some more correction.
Levels are marked on the chart (unchanged from last couple of my posts)
So, where do you see the charts pointing?
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