#banknifty stayed inside the gap, and above 50/100/200EMAs
CPR is narrow at 106pts with resistance between 38007 - 38112, expect a trending market tomorrow. PCR is at 0.78. Net selling continues-- FII/DII net 711cr selling. Markets remain volatile with uncertain global politics translating its mistrust to the markets. Charts remain above the 50/100/200EMAs - can it sustain above EMAs or breach the 50EMA support tomorrow? Looks like downward pressure, sell at highs, and risk off approach could continue. What do you think?
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