Nifty Bank IndexShort
Bank Nifty- 7th consecutive close below 200EMA
Bank Nifty made a red candle today, despite buying by both FIIs +207cr and DIIs +567cr --which indicates some worry.
PCR dropped today to 0.93 indicating reluctance of option writers on Put side.
CPR is almost a single line with almost no width--indicates a trending day. Will Bank Nifty find institutional buying support to breach the 200EMA or will we see some offloading and profit booking on the back of a higher close today---i would go with the latter--we should see some downward move. Lets see how markets go 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.
PCR dropped today to 0.93 indicating reluctance of option writers on Put side.
CPR is almost a single line with almost no width--indicates a trending day. Will Bank Nifty find institutional buying support to breach the 200EMA or will we see some offloading and profit booking on the back of a higher close today---i would go with the latter--we should see some downward move. Lets see how markets go 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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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.