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banknifty massive gap up tomorrow, closes above 50/100/200EMA WK

Oleh PromodSshrivastava
banknifty closed above 50EMA indicating fresh strength backed by FIIs turning net buyers today. PCR is 0.97 and VIX is below 25. The global markets are recovering and indian markets are reflecting the same sentiment. After fed meeting tomorrow, we can check if the sentiments are unchanged. Nifty is indicating 279pts gap up, banknifty could be higher. CPR is narrow, and a trending market is expected. What do you think?
BANKNIFTYChart PatternsTechnical IndicatorsTrend Analysis
PromodSshrivastava

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