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 , 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:
NIFTY given for short selling:
Long term view was for nifty: