Nifty- Bearish Engulfing, breaches 20EMA & 50EMA
Nifty nosedived today -a fallout of renewed selling by FIIs (-2743cr) with vigor. DIIs (1351cr) were no match today as we witnessed a late day pummelling of the market.
The PCR for weekly options have dropped to 0.55 indicating fear on the side of option PUT writers.
Red engulfing candle today indicates predominance of bear sentiment. Lower levels are marked on the charts.
Will Nifty fill the gap left behind and take support at 100EMA level? Lets us wait and watch what transpires tomorrow...
The PCR for weekly options have dropped to 0.55 indicating fear on the side of option PUT writers.
Red engulfing candle today indicates predominance of bear sentiment. Lower levels are marked on the charts.
Will Nifty fill the gap left behind and take support at 100EMA level? Lets us wait and watch what transpires tomorrow...
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