Nifty-Green candlestick above camarilla R3
Nifty made an indecisive candle (almost a Doji). The PCR at 0.99 indicates likewise.
On the positive side, todays candle was clear above the Camarilla R3...so pathway to R4 remains possible.
Also the candle was formed above the trio -EMAs 50/100/200.
India vix settled down at 17.6 with a drop of -2.09% - expectation of lower volatility going forward.
FII(buy +496cr) & DII(sold -116cr) net buy of 381cr. So institutions buy tilted the candle to close green.
Global cues remain grim. Corona news is hardly supportive but there is no surprise element so far.
Expect consolidation and move upwards from here on the back of institutional buying support. What do you think?
On the positive side, todays candle was clear above the Camarilla R3...so pathway to R4 remains possible.
Also the candle was formed above the trio -EMAs 50/100/200.
India vix settled down at 17.6 with a drop of -2.09% - expectation of lower volatility going forward.
FII(buy +496cr) & DII(sold -116cr) net buy of 381cr. So institutions buy tilted the candle to close green.
Global cues remain grim. Corona news is hardly supportive but there is no surprise element so far.
Expect consolidation and move upwards from here on the back of institutional buying support. What do you think?
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