Nifty- Doji filled gap, 16200 next support if...
Nifty made a doji candle today, in the process it also filled the gap left behind by the gap left by yesterdays candle.
16200 is the next major support level for nifty--it also coincides with the 200EMA support line. But only if Nifty breaches 16600 -also a major support just below current levels, then we could see the slide towards 16200.
PCR ratio went up to 0.66 on the back of slow FII selling today.(-1210cr) against DII 1405 cr purchase...still the markets couldn't manage to close with a green candle.
Chart continues to look very weak as price is still well below 20EMA and 100EMA and 200EMA could be a support----at 16200 levels. let us see if there is a turnaround prior to this ..
You can check Nifty & Bank Nifty Nifty & Bank Nifty levels for wed 22Dec2021 - Vix, FII , CPR & options/PCR data. (my twitter handle is @OptionsNo11 ).
16200 is the next major support level for nifty--it also coincides with the 200EMA support line. But only if Nifty breaches 16600 -also a major support just below current levels, then we could see the slide towards 16200.
PCR ratio went up to 0.66 on the back of slow FII selling today.(-1210cr) against DII 1405 cr purchase...still the markets couldn't manage to close with a green candle.
Chart continues to look very weak as price is still well below 20EMA and 100EMA and 200EMA could be a support----at 16200 levels. let us see if there is a turnaround prior to this ..
You can check Nifty & Bank Nifty Nifty & Bank Nifty levels for wed 22Dec2021 - Vix, FII , CPR & options/PCR data. (my twitter handle is @OptionsNo11 ).
Feragatname
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