#banknifty bearish engulfing

٣ مارس ٢٠٢٢

banknifty made a large red candle making a bearish candle setup. PCR is 0.48 contra indicates a pullback however the continued FII selling indicates we a re yet to reach the bottom. VIX remains high at 28.155 . Markets remain nervous with lower GDP estimates and fear of impact of high crude prices. Ukraine issue has been factored in but continues to be a worry factor. Another bearish candle expected tomorrow? what do you think?