Bank Nifty- 20EMA, 50EMA and 100EMA- all 3 EMAs breached today
Bank Nifty breached 20EMA , 50EMA and 100EMA all three EMAs by a single red candle today.
PCR is down at 0.63 -option writers are wary of fall in bank nifty, so they are betting on the call side.
FIIs sold heavily while DIIs tried to buy to halt the fall unsuccessfully. If this pattern continues this week, we could see continuation of the fall. The levels are marked on the chart on the downside and upside as well.
PCR is down at 0.63 -option writers are wary of fall in bank nifty, so they are betting on the call side.
FIIs sold heavily while DIIs tried to buy to halt the fall unsuccessfully. If this pattern continues this week, we could see continuation of the fall. The levels are marked on the chart on the downside and upside as well.
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