banknifty- Should fill the gap on move down

13 במרץ 2022

banknifty closed below 200EMA for 9th consecutive day. It has taken resistance at critical resistance 34500, 34000 is the critical support below which it could move below 32000. In the absence of a good global news, this seems most likely. PCR is at 0.64 so it is oversold however fear is high and vix is above 25. CPR is very narrow and a trending day can be expected. What do you think?