Nifty Could not sustain above 200EMA as DIIs fail to buy

15 Mar 2022

FIIs sold for 1250cr as DIIs managed to buy just 98cr in a no match. VIX shot up 4.1% to 26.73. CPR is 0.63. Bearish engulfing setup indicates a followup red candle tomorrow. Also close below 200EMA is also indicating weakness. While crude has closed below 100USD is propelling US markets upwards again. So will Nifty be able to make a U turn tomorrow? Volatile market is expected as VIX is high and fear is still there. Charts indicate a red candle tomorrow. Let us see how it goes.