Nifty Doji at 200MA, Next camarilla pivot supports16949/16422
Nifty is making lower highs and lower lows with high volatility since end of 2021. Vix shot up 8.71% again today closing just below 20. Fear and uncertainty is creeping in with increase in interest rates and inflation fear. If there is some more pain and 200MA support is broken, then R3/R4 16949/16422 camarilla pivot supports (coincide with the gaps to be filled). Today was a Doji candle as short-covering rally in last 30mins made up for lost ground---most drop at the opening itself. What do you think?
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