MARKET DOES NOT LIKE GAP SO NIFTY FILLED GAP OF 200 POINTS AND TOOK SUPPORT AT VERY CRUCIAL SUPPORT AREA 11380 TO 11420...NOW IF NEAR TERM RESISTANCE OF 11500 TAKEN OUT THAN NIFTY CAN BE EASILY GO TO 11670 TO 11700 LEVELS...IF NIFTY TAKEN OUT 11380 VIEW WILL BE INVALIDATE
WILL THE GAP BE FILLED
I AM ACTUALLY WAITING FOR FRIDAY 13.3.19 MEETING. WHAT IS GOING TO BE OUTCOME.
FOR A WHILE NIFTY LOOKS RANGE BOUND IN HOURLY AND DAILY TIME FRAME.
ALSO NIFTY WILL SET NEW DIRECTION IF 200 EMA RESISTANCE IS BROKEN AND TAKEN SUPPORT ON IT (TIME FRAME HOURLY)
A gap can be seen in the price of Asian Paints(highlighted in green), a previous attempt to fill the gap on 18th April did not succeed, stock has been able to hold Fibonacci level of 23.6%. Two successive dojis can be seen recently and delivery percentage for last three days are 55%,67%,57%(positive sign). The stock might move up once again to fill the gap.
Bank of Baroda
Levels are mentioned in the chart
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We had highlighted how Gaps in the zone around 10780 is acting as a crucial zone for Nifty.
Take a look at the chart again...
What we have seen today morning is another example of it. Another Gap...
11562 looks Crucial.
If stays below that for 15 - 30 mins, more weakness will come.
bullish Gap at 11486 -11500, may possible Gap Covering in rest of the week.
In DOW JONES: Witnessing "Bearish ENGULFING" in Last trading session.
Future levels mentioned on Chart for "T+1 basis"
EXIDEIND hourly is showing a failure to close the 217-220 gap create earlier. Lingering near the gap and failing to cross above can create a panic for bulls here. Micro structure shows a inter trendline break showing a chance of sell-off here.
EnTry: Cmp 211 or retest of 215 SL
SL: 223 (closing basis on hourly timeframe)
Target: 203/192 and rest ride the trend
....... Spot & Future Intraday, future Weekly Levels plotted & mentioned on chart.
Bullish GAP formed on 15/12/2017, in Between 25,205.90 - 25,411.25.
Must Watch Weekly Levels, to know crucial Intraday Levels
Trade as per Specified level with description.
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Nope, definitely we are not crying for those missed opportunities. This can be classic lesson for all of Us, we knew Nifty will reach 9900's zone earlier itself but what happened from Monday ? We never got valid setup for Entry though we are absolutely right on direction.
Monday - Technical Glitch & 100 points Up
Tuesday - Bit of range then closed near pullback...