@FibTraderR Not really. PCR data is easily manipulated by big players anytime to enter and exit the position. Many time mkt is being pushed up & down 100 pts without any significant sign in the PCR data.
@FibTraderR It seems, Nifty already sensed in the morning that BJP is coming in Bengal and then there was profit booking in the second half. There was no positive reason for Nifty to go long today.
@FibTraderR Support and resistance are created by big players, isn't it? Like they reversed the mkt upside down after two hours in the morning. 24k is just the support as of now but who knows if it breaks below 23950 by end of the day today.