#nifty trading above 50/100/200EMAs bullish on weekly chart

٢٠ فبراير ٢٠٢٢

Nifty consolidated and moved within a range last week. It finally closed the week well above 17250. Weekly candle is green. PCR at 0.93 is balanced. News triggers could still lead to down moves but underlying trend remains bullish.
CPR is just 16pts wide indicates a trending market. Given global uncertainty, wait & watch for market to reveal its reaction could be best way to trade? what do you think?