Nifty- Leaves a gap, flies above 17780, next 18171
Nifty lived up to its indication yesterday of flying ...by breaching 17780 with a solid green candle- Next resistance is at 18171.
The gap left behind today -tough guess on when it will be filled- however a retracement should happen sometime.
PCR is a balance 0.96 and with FIIs taking a breather selling just 184cr, Nifty has found wings. DIIs too bought a pretty muted 426cr.
CPR is narrow tomorrow, so a trending day could be seen.
On the downside, 17780 is now a major support level. 17520/17310 are the other major supports.
Let us see how far this momentum takes nifty ....
The gap left behind today -tough guess on when it will be filled- however a retracement should happen sometime.
PCR is a balance 0.96 and with FIIs taking a breather selling just 184cr, Nifty has found wings. DIIs too bought a pretty muted 426cr.
CPR is narrow tomorrow, so a trending day could be seen.
On the downside, 17780 is now a major support level. 17520/17310 are the other major supports.
Let us see how far this momentum takes nifty ....
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