Nifty -reverses from camarilla R3, closes below 100EMA.

21 במרץ 2022

Nifty partly filled the gap today. Nifty could not sustain above R3, making a sharp fall to close just above 17100. Gap up opening is indicated tomorrow, however it is unlikely to sustain. Crude has gained over 5% post market close and ukraine issue is still a worry. Cororna news is again making headlines and india VIX rose almost 9% today. Todays candle is almost a bearish engulfing candle. If market breached PDL tomorrow, then we could see further fall. PCR is 0.54 indicating fear of downside. What do you think?