NIFTY - How to play the gap
Updated
NIFTY futures, we have a gap opening here . not easy to play big gaps as risks on positions increase.
Will look for a pullback to 11430F and a hold there to test the zones and pullback from there.
Bears in total control if 11330-320F breaks down for a test of 11180F
Bullish only above hold of 11450F for 11520F or for pullbacks from opening lows for the test of 11390/11430f
Will look for a pullback to 11430F and a hold there to test the zones and pullback from there.
Bears in total control if 11330-320F breaks down for a test of 11180F
Bullish only above hold of 11450F for 11520F or for pullbacks from opening lows for the test of 11390/11430f
Note
Nice explanation from the inflection areas.Note
What i meant was nice inflection from the marked zones. there were 3 opportunities at play1.morning pullback from support areas.
2 Hold into 11430F for a break above to test 11500F
3. Break and hold below 11430F to test the support areas.
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