Banknifty made a massive green followup candle and sustained a big gap up too. FII/DII net purchase of 2827cr propelled the markets to unexpected levels. Big news is that it sustained above the 50/100/200EMA level that it breached after 30 trading sessions yesterday. Vix at 17.9 is attracting long term investment. PCR at 1.5 contra indicates a correction...lets see. SGX Nifty is indicating another gap up tomorrow. Let us see if banknifty can make yet another bullish candle before taking a breather. What do you think?
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