Dhanvarsha crucial Nifty Futures Levels and market prediction

Greed and revenge keep traders in market …

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 Flat to positive opening is expected due to positive cues from Asian and global markets. Huge short covering and roll overs  were noticed in previous session . Balanced PCR at 5500 level is indicating that 5500 is pivot at present ,

so above 5500 bullish and  below it bearish trades to be done .

 Bank Nifty stopped by 200 DMA .

Reality stopped by 50 DMA.

Reliance industries ...market heavy weight stopped and repelled by 200 DMA.

Other market heavy weight infosys same condition .trading below 200 DMA..

These DMAs work as strong  support / resistance levels .supply and demand both will be full .so be cautious...Good above these levels with stop loss below  the levels and book profits or go short if start falling from there with stop loss above these DMAs .

Crude is still at higher rates but markets have digested it ?  a burning question  . 

Bulls are doing well, only due to short covering or they are really buying  fresh ? 

FIIs bought more than 700 Cr in  index futures  … 

Expiry Volatility  already started …