NIFTY HAS FILLED TWO LONG PENDING GAPS, BUT WILL IT BE ABLE TO FILL PENDING GAP TO REACH 10800?
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A GAP WHICH IS NOT HIGHLIGHTED EXIST AROUND 11400 LEVEL AS WELL,BUT CHANCES TO REACH THAT LEVEL WILL DEPEND ON LOT OF FACTORS AS WELL BUT NOT IMPOSSIBLE AND THAT LEVEL ALSO WILL BE ABLE TO SUCK MONEY OUT OF RETAIL INVESTORS WHO WILL HAVE NO IOTA OF DOUBT THAT MARKET CAN FALL FROM SUCH LEVELS AGAIN.(FOMO EFFECT AT PEAK AFTER 11000 LEVEL) ONLY TIME CAN TELL.
Trade closed: target reached
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TARGET OF 10800 REACHED,THERE IS A GAP AROUND 11400 ALSO WHICH MIGHT FILLED BY NEXT MONTH IF NOT THIS MONTH.
@suhilarc, the point from where it bounced back on friday, (the latest Gap which was filled) it's a strong support but this idea is in general not specifically for trade in Nifty.