NIFTY ENTERED INTO C WAVE WITH NO VOICE GAP.

Apr 7, 2020

The Nifty formed the Doji Candle on 24 March in the daily chart and this Doji Candle is showing large scale institutional buying. The next day the Nifty formed a long candle with a gigantic volume and filled the previous gap which confirms to a strong trend but when the Nifty enters in the C wave with no voice gap. This indicates a weak trend and short-term buying. We may see a sharp drop in the index in the future.