Nifty50 closes above 200EMA, partly fills gap
Nifty closed above 200EMA with a big bullish green candle. FIIs were supportive by selling for just 177cr against a 1099cr buying by DIIs. Suddenly the PCR is at 0.9 and vix also increased marginally and remains above 25. Crude crashed to 103 USD, a sharp fall from the highs a week back. Global markets also have registered gains. Such global sentiments have driven a pullback and could continue to drive an upmove on Nifty. Falling crude neutralises the downside risks on economy and inflation worries of India. So will nifty fill the gap tomorrow? lets see.
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