#nifty50 Gap filled but closes below 100EMA
Nifty made a V shaped recovery backed by global news. Events during the night will determine if the sentiments sustain tomorrow. DII went on an overdrive buying which took nifty to such highs. Global messages are mixed - no one can trust Putin's announcements.So will there be another small selloff/profit booking given fears are still not over? CPR is wide tomorrow so we could see markets move sideways. PCR has increased to 0.76 and vix crashed 10%, yet remains above 20. Time to watch more and trade less with caution, till news lead action dies down. What do you think?
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