As I we talked yesterday, that the market does not like gaps, its fills the gap & here is the well analyze back tested strategy with 65% of accuracy. Strategy works very good in NIFTY & BANKNIFTY(SCALPING)
Here is chart of SBIN (15min) there was budget on 1st feb 2021 & due to positive news for SBIN, stock opened gap up of 10%.
Here we have to mark low and high of last candle of previous day of gap UP/DOWN opening as shown in chart (357.90&354).
Set buy order at on high of candle wheneve market comes at that level& set stoploss at low candle, book profit of 1:2-3 risk reward.
Here is chart of SBIN (15min) there was budget on 1st feb 2021 & due to positive news for SBIN, stock opened gap up of 10%.
Here we have to mark low and high of last candle of previous day of gap UP/DOWN opening as shown in chart (357.90&354).
Set buy order at on high of candle wheneve market comes at that level& set stoploss at low candle, book profit of 1:2-3 risk reward.