Bank Nifty- 37457 is the next support
Bank Nifty has shown good resilience =recovering from intraday lows. Today's close above 38k also is a ray of hope. So if bank nifty sustains above 38050, then we could see an upward move.
FII+DII sold for 2900cr today, and if this selling continues tomorrow, then bank nifty could take support at 37457.
PCR at 0.67 shows expectation of downside on the part of option writers.
CPR width is just 6pts for tomorrow, so it is likely that we have a steep trending day.
What do you foresee?
FII+DII sold for 2900cr today, and if this selling continues tomorrow, then bank nifty could take support at 37457.
PCR at 0.67 shows expectation of downside on the part of option writers.
CPR width is just 6pts for tomorrow, so it is likely that we have a steep trending day.
What do you foresee?
Penafian
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