Trade-Technique

Will nifty take support and pullback?

Trade-Technique Updated   
NSE:NIFTY   Nifty 50 Index
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:

  • • 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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