Banknifty rsupport of camarilla S4 & 200EMA, can gap be filled?
Banknifty closed above critical support level camarilla s4 while taking resistance at 200EMA. Green candle makes the chart look stronger than previous week. CPR will be immediate support on the downside at 36117, if this support holds we could see banknifty closing the gap tomorrow. Global uncertainty and news based moves are going to be a big factor nonetheless. PCR at 0.8 contra indicates a pullback. What do you think?
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