#banknifty Doji candle, more downside to come

2 במרץ 2022

banknifty closed with a doji candle but remained well below the 50/100/200EMAs. PCR at 0.57 indicates fear of downside. VIx remains high and market remained nervous on global news. FII /DIIs remained net sellers at 1277cr and if the situation doesn't improve, can bring in further downside. Rise in crude prices, lower GDP prediction for India and global news are all dampners. What do you think?