Nifty- Another Doji today, will the Gap be filled tomorrow?
Nifty made doji today as well....yesterday was a Doji candle too. Market traded in a rather small range. PCR at 0.97 too indicates uncertain view of option writers as to which way the market could move. Day showed strength of Nifty today as 986cr selling by FII was far more than 578cr buying by DIIs---and still the markets showed resilience and held on to the 17200 level.
The doji was formed above the 100EMA which is a critical support level. If the support is broken tomorrow - then we could see the Gap being filled and support at virgin CPR below.
CPR tomorrow is a single line---reflects the lack of direction--but also indicates that the markets could be trending tomorrow.
Let us then see how markets go tomorrow...
**For levels for tomorrows trade-- you may want to check my twitter handle @OptionsNo11 - Nifty & Bank Nifty levels - Vix , FII , CPR & options/ PCR data. The calculations are posted on this twitter handle @OptionsNo11 every night by 10pm.
The doji was formed above the 100EMA which is a critical support level. If the support is broken tomorrow - then we could see the Gap being filled and support at virgin CPR below.
CPR tomorrow is a single line---reflects the lack of direction--but also indicates that the markets could be trending tomorrow.
Let us then see how markets go tomorrow...
**For levels for tomorrows trade-- you may want to check my twitter handle @OptionsNo11 - Nifty & Bank Nifty levels - Vix , FII , CPR & options/ PCR data. The calculations are posted on this twitter handle @OptionsNo11 every night by 10pm.
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