What an expiry today, with interest rate fear taking nifty down. Look at the chart. There was a huge gap between the opening and the consolidation. Looking at the nifty 5 minute chart, there is a strong upward trend, supporting 50 EMA. Every time the Nifty is at the 50EMA, good buying activity. At one point, it indicated that it was about to cross the 18000...
An Exhaustion Gap is formed in NIFTY today, making the Trend change.
Nifty In morning when Nifty was trading well above 17600, this is what we had posted... We warned about possible downside based on simple understanding of Gaps... We did not get carried away with the positive momentum but simply went with what Technical Analysis indicated us. And boy oh boy... it did not disappoint us at all...😀 It gave us clarity to book...
Nifty In our previous post we had indicated a bullish stance based on the chart set up.... Accordingly we had shorted Nifty 17000 Put option for 30 Dec expiry around 100. Today we see Nifty opening with a big gap up and that chart set up analysis did helped us. We have duly booked profits in our trade. The current set up makes us feel... It's time to be...
ICICI Bank A close below 798 can lead to gap filling activity Important levels on the up side 829 / 841 Take care & safe trading
After a long fall in metals , they are recovering fast! Tatasteel has 2.80 percent gap made when it faced a big gap down. This gap can be exploited and easy profits can be made as the gap will surely be filled. T1 is the main target in the trade and other targets can only be chased if the stock gives closing above T1 .
banknifty has immediate hurdle of 35400---35550 as gap resistance, channel resistance and psychological level pause below this level one more dip towards 35200--35000 possible
16175 is a support level once it break we can the downward moment. . And upside above 16300, But I am not bullish on Nifty so let see on tomorrow. . Nifty can fill the gap that I mentioned on chart.
Nifty In my previous post, it was mentioned that reduction in Open Interest does not augur well for Nifty's march towards 16K to continue. Profit booking was suggested accordingly without any bias expectations but based on study. Also for momentum play, a better strategy would be to wait for a gap zone to be taken out: either the resistance gap or support...
Nifty In my previous post when Nifty was at 15638 we had given a positive trading strategy and that was to Consider to sell 26 Aug expiry 15400 Put option around 150 However at current levels, there is no clarity once again. Why am I saying this? Usually when price increases, Open Interest in Futures should also increase. However, it was observed that the rise...
Keeping watch on gaps can be very useful as these acts as major support or resistance.
1. After a Breakaway gap with huge volumes last year, the stock made a good upside move. 2. For the past few months, the stock is forming an ASCENDING TRIANGLE PATTERN. 3. There is resistance at 3350, which it is trying to break. 4. There is a breakout on Daily chart with good volume. 5. However, let it sustain the breakout on the weekly chart as well and wait for...
CMP- 2972 SL - 2776 (closing basis D) SL 2 - 2649 Target - 3650 24/6/21 - The script respects 50EMA on W/D - Short term downtrend structure - Parameters turned positive - can observe BREAKAWAY gap - Broke short term down trendline with RSI divergence supporting it - Breakaway gap was supported by decent VOL surge - Can wait for retest to the upper range of...
All details on chart.. Let me know what do you think here?? Only for Educational Purposes, not financial advice.
Tech mahindra buy from 984 hold to 1033 NSE:TECHM
Nifty View: Needed correction for the benchmark Nifty with today’s almost 100 points down move. This move is needed for momentum to create some headroom as we had a sharp one-way rally over the past three sessions. The index had recently broken above the 15k with a “Breakaway Gap” which now gets tested. The lower border of this gap is at 14,960 and so we should...
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional...
Banknifty : 10th May for Educational purpose High chances to open gap up & fill gap