Will nifty take support and pullback?
Updated
Here's a question that stands out in everyone's mind :
Will nifty take support and pullback?
If the answer is "YES", then how much pullback will on nifty?
The Supportline of the channel is already followed the 4 times.
Before the answer this Question we have analyzed deeply GAP theory.
Gaps appear more frequently on daily charts, where every day is an opportunity to create an opening gap. Gaps can be subdivided into four basic categories:
In the nifty chart, Runaway GAP already has already created. THE current GAP is not clear.
There's only a 35% chance to pullback at 11200 over the nifty.
I will write here how little chance to recover before one big fall.
As per my experience and analysis, we are going to see till big fall before any pullback.
I am sure that, we are going to see more GAP in the coming days.
Here is analysis of DOW JONES 30 US:
USDINR:
BANKNIFTY: (Enjoyed)
NIFTY given for short selling:
Long term view was for nifty:
Will nifty take support and pullback?
If the answer is "YES", then how much pullback will on nifty?
The Supportline of the channel is already followed the 4 times.
Before the answer this Question we have analyzed deeply GAP theory.
Gaps appear more frequently on daily charts, where every day is an opportunity to create an opening gap. Gaps can be subdivided into four basic categories:
- • Common gap
- • Breakaway gap
- • Runaway/ Continuation gap
- • Exhaustion gap
In the nifty chart, Runaway GAP already has already created. THE current GAP is not clear.
There's only a 35% chance to pullback at 11200 over the nifty.
I will write here how little chance to recover before one big fall.
As per my experience and analysis, we are going to see till big fall before any pullback.
I am sure that, we are going to see more GAP in the coming days.
Here is analysis of DOW JONES 30 US:
USDINR:
BANKNIFTY: (Enjoyed)
NIFTY given for short selling:
Long term view was for nifty:
Trade active
Breaking, i was -ve and break down seen
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