Indice NIFTY 50Long
Nifty- Bullish Hammer above 50EMA
Nifty made a bullish hammer firing ahead like a rocket with a long tail. This was helped by net FII/DII purchase of 1576cr. Have the FIIs finally become net buyers? Time will tell. Nifty made a strong close above 100EMA so is looking extremely bullish trading above all three EMAs 50/100/200EMAs. PCR above 0.76 is yet to reflect bullish sentiment, we could expect an upward move tomorrow on PCR. CPR tomorrow is wide, so we can expect a consolidation/sideways market.
A gap up opening is expected tomorrow, so CPR will act as a support at 17529. Resistance are 17693/18032/18276. Support are 50EMA, 17242/17015/16676.
What do you think?
A gap up opening is expected tomorrow, so CPR will act as a support at 17529. Resistance are 17693/18032/18276. Support are 50EMA, 17242/17015/16676.
What do you think?
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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.