19th July, 2016 :- NIFTY - Index Daily Movement!!

#NIFTY - Daily :- Index had tested previous Resistance Level of 8580/- but unable to Close & Hold above it. In view of Technical Indicators in Overbought Region & 6 Gaps Index has left Unfilled since 7250/- level, Correction is likely to follow.
But, PCR (Put Call Ratio) for Active 3 Months is 1.12 for NIFTY Options, which still do not Support Entry for Fresh SHORT Positions till date.







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