jashjacob

NIFTY GAP FILL FROM POST BUDGET SESSION

Long
NSE:NIFTY   Nifty 50 Index
Nifty took support at GAP UP zone from the day after budget announcement. Market saw a wild downtrend in the last week and broke long term trendline on 18th march 2021. Strong support was taken on 19th March and reversal has been seen.

Stay due course, we should see market recover back to 15000+ zone in NIFTY .
Comment: Very flat trading session on 26th March 2021. BUDGET 2021 zone gap fill has taken place on 25th March 2021. Hopefully market takes support over this zone.
Comment: Two more gap fill sessions in April. (April 12th and April 13th)
Comment: NIFTY has taken support over the gap.
Comment: Retested gap multiple times. NIFTY backup.

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