banknifty closes below 200EMA

٢١ مارس ٢٠٢٢

banknifty made a big bearish candle unable to sustain above the EMAs, close was below all three 50/100/200EMAs. If it trades below PDL tomorrow, we could see levels below 35k. PCR is 0.6 big drop. VIX is high at 24.6 gaining 8.9% today. CPR is 154pts wide, a trending market can be expected. Crude gained over 5% since market close and market is looking weak. What do you think?