#banknifty closed below 50EMA
banknifty closed below 50EMA with a red bearish candle. FII/DII were net sellers again at 341cr. PCR for next week expiry is 0.76. CPR tomorrow is 162 which is relatively narrow given the volatile moves of the index so expect a trending market. Global sentiments are the key market mover with nervousness all around. More downside is tough to rule out. What do you think?
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