As mentioned a few days back, Nifty took support in the 45-65 band on the 6200 CE, and is now above 100.
The level to watch for this CE is in the 135-145 band.
The PCR at 6200 which had gone alramingly to 0.81 at one point yesterday, rose smartly to 1.285 today; however, the PCR at 6300 is not moving much (0.4 now).
If Nifty rises tomorrow as the above suggests, and the 6200 CE finds it difficult to cross the above resistances, and also the PCR at 6300 does not show signs of moving up, Nifty can top out in that region for the short term.
The level to watch for this CE is in the 135-145 band.
The PCR at 6200 which had gone alramingly to 0.81 at one point yesterday, rose smartly to 1.285 today; however, the PCR at 6300 is not moving much (0.4 now).
If Nifty rises tomorrow as the above suggests, and the 6200 CE finds it difficult to cross the above resistances, and also the PCR at 6300 does not show signs of moving up, Nifty can top out in that region for the short term.
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