banknifty- after 30 trading sessions, close above 50/100/200EMAs

٣ أبريل ٢٠٢٢

banknifty is looking extremely positive now that it has closed above 50/100/200EMAs on the daily chart after 30 trading sessions. PCR is overbought, so some minor correction could follow, however the large bullish candle could see a followup on Monday. Vix is at 18.435, so long term investment money is likely to start flowing in. CPR is wide so we could see some sideways consolidation before a breakout. What do you think?