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panneer.tanishq
Feb 7, 2017 3:22 PM

Nifty Gap Filled Long

Nifty 50 IndexNSE

Description

Nifty Gap up filled and Hammer is formed by rejecting lower prices. With Stop loss as 8720 trade can be iniated at current price

Trade active

Comments
neneram
Hi,
see the daily chart its reversal candle , If RBI hike rates tomorrow , than another 100 points expected down.
panneer.tanishq
@neneram, Bro. Here everything as per chart am analysing. Not on any news
asnv.santosh
Yes, i can support your analysis. Now journey starting towards all time high, but confirms only if Nifty moves above 8857 in this month.
panneer.tanishq
@Asnv.santosh, why any importance with 8857 level bro
asnv.santosh
@panneer.tanishq, yes it is a breakout value in monthly scenario of camarilla pivot points.
asnv.santosh
@panneer.tanishq , now nifty is in no trade zone according to camarilla pivot points. Long only above 8857 for the targets 8992 and 9127 and short only below 8709 for the target of 8413.
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