akhil1206

Nifty get up now

Long
NSE:NIFTY   Nifty 50 Index
210 views
4
nifty at important time cycle date cud play a bounce back to test the 200 dma before the drop down to make new swing low.... the gap cud be an exhaustion gap also....looking fr buying opportunity here... look fr a buy on Monday open with a stop of 9900 fr a tgt of 10100-120.
Comment: putting a stop of 10020 closing and looking fr 10210-20 ...
Comment: sorry putting a stop of 10120 looking fr 10200-10210

Comments

exhaustion gap Done and dusted.......
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The gap must start getting filled for it to be called a exhaustion gap.. It can be decided only after seeing 2-3 more candles.
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akhil1206 nileshgr
@nileshgr, agreed with u,,, i thnk the high volume on friday is also a factor to make it an exhaustion gap
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