bijoy2526

NIFTY gap up,NR7 day and fills the gap 11433-11536 partially.

Long
bijoy2526 Updated   
NSE:NIFTY   Nifty 50 Index
there was gap up opening of nifty .
normally now a days when there is a gap up or gap down opening
unless strong sentiment exists , gap is filled up in the same day it self
how ever in the process nifty fills the earlier gap partially between 11433-11536.
today happens to be NR7 day for nifty .
sentiment still remains positive.
how ever due to expiry option writer may try to restrict its movement.
expiry day movement is very difficult to predict.
in the short term nifty is likely to touch WL1 and trend line .
see my earlier posts.
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Comment:
dollar strengthening over night not good for equity market.
hence sgx nifty showing down tick right now.

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