Nifty- Doji filled gap, 16200 next support if...
Nifty made a doji candle today, in the process it also filled the gap left behind by the gap left by yesterdays candle.
16200 is the next major support level for nifty--it also coincides with the 200EMA support line. But only if Nifty breaches 16600 -also a major support just below current levels, then we could see the slide towards 16200.
PCR ratio went up to 0.66 on the back of slow FII selling today.(-1210cr) against DII 1405 cr purchase...still the markets couldn't manage to close with a green candle.
Chart continues to look very weak as price is still well below 20EMA and 100EMA and 200EMA could be a support----at 16200 levels. let us see if there is a turnaround prior to this ..
You can check Nifty & Bank Nifty Nifty & Bank Nifty levels for wed 22Dec2021 - Vix, FII , CPR & options/PCR data. (my twitter handle is @OptionsNo11 ).
16200 is the next major support level for nifty--it also coincides with the 200EMA support line. But only if Nifty breaches 16600 -also a major support just below current levels, then we could see the slide towards 16200.
PCR ratio went up to 0.66 on the back of slow FII selling today.(-1210cr) against DII 1405 cr purchase...still the markets couldn't manage to close with a green candle.
Chart continues to look very weak as price is still well below 20EMA and 100EMA and 200EMA could be a support----at 16200 levels. let us see if there is a turnaround prior to this ..
You can check Nifty & Bank Nifty Nifty & Bank Nifty levels for wed 22Dec2021 - Vix, FII , CPR & options/PCR data. (my twitter handle is @OptionsNo11 ).
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.