Bank Nifty- Red candle closes below 200EMA, 8th day in a row
Bank Nifty breached 35k in the closing minutes after a long consolidation during the day. PCR fell to 0.7 with option writers fearing more downside. This fall despite net 32cr buying by FII/DII today. CPR tomorrow is 60pts wide -open below CPR will probably result in CPR resistance and a sharp downtrend.
34456 is strong pivot support on the downside.
8th consecutive day Bank Nifty has closed below 200EMA. Let us see how it trades tomorrow...
**For levels for tomorrows trade-- you may want to check my twitter handle @OptionsNo11 -
Nifty & Bank Nifty levels - Vix , FII , CPR & options/ PCR data. The calculations are posted on this twitter handle @OptionsNo11 every night by 10pm.
34456 is strong pivot support on the downside.
8th consecutive day Bank Nifty has closed below 200EMA. Let us see how it trades tomorrow...
**For levels for tomorrows trade-- you may want to check my twitter handle @OptionsNo11 -
Nifty & Bank Nifty levels - Vix , FII , CPR & options/ PCR data. The calculations are posted on this twitter handle @OptionsNo11 every night by 10pm.
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