Yesterday Nifty has filled one Gap. Can we see all the Gaps filled?
Support 1 - 16,653
Support 2 - 16,339 (-3.55%)
Will the fall stop after filling these gaps?
CESC can be bought for intraday on 15 min candle close above 88 for Gap filling with a cup and handle breakout for target of 90 with SL of 87.2.
Book half at 89.9 and rest at 90.3
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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 .
NIFTY | Again falling into the range - Lets try Put spread
CMP : 14990
SL : 15074
Target : 14830-14850
Buy 14900 PE
Sell 14800 PE or Sell 14700 PE as per the risk appetite (Overnight position)
Try to short (downtrend & correction not yet done in the weekly chart)
1.Global crisis
2.Market sentiments
3.Data analysis
4.The gap can act as a resistance
5.supply zone
6.possible reversal zone
7.Banking sector looking weak(like high weightage stock like HDFC bank, ICICI bank.....
Disclaimer: Please consult your financial advisor,
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