#banknifty : Leaves a Gap, Future green?
Bank nifty crashed due to global cues, so when will it be able to make a bounce back? SGX nifty futures are trading 200pts higher, so are US market futures. So is the fear over? We will know tomorrow. The gap down opening today has left a big gap to be filled. 36570 is a major support from where there was a bounceback earlier. Charts have obviously lost its shape due to the impact of global cues, however there are already indicators of a pullback.
PCR at 0.56 is quite oversold.
So will there will a bit more of steam blowoff before markets recover or will it be quick tomorrow? what do you think?
PCR at 0.56 is quite oversold.
So will there will a bit more of steam blowoff before markets recover or will it be quick tomorrow? what do you think?
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