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Pullback

Will nifty take support and pullback?Here's a question that stands out in everyone's mind : Will nifty take support and pullback? If the answer is "YES" , then how much pullback will on nifty? The Supportline of the channel is already followed the 4 times. Before the answer this Question we have analyzed deeply GAP theory. Gaps appear more frequently on daily charts, where every day is an opportunity to create an opening gap. Gaps can be subdivided into four basic categories: • Common gap • Breakaway gap • Runaway/ Continuation gap • Exhaustion gap In the nifty chart, Runaway GAP already has already created. THE current GAP is not clear. There's only a 35% chance to pullback at 11200 over the nifty. I will write here how little chance to recover before one big fall . As per my experience and analysis, we are going to see till big fall before any pullback. I am sure that, we are going to see more GAP in the coming days. Here is analysis of DOW JONES 30 US: USDINR: BANKNIFTY: (Enjoyed) NIFTY given for short selling: Long term view was for nifty:
NSE:NIFTY
by Trade-Technique
70
Opportunity for longs to exitNifty is bearish in weekly and monthly chart. But in daily chart, it took support from 100 EMA and might bounce back in the coming few sessions till 12100-12150 zone which is a strong sell zone. This might be the last opportunity for traders and investors to book profit in their long positions. Once Nifty starts trading below 100 EMA in the daily chart, next strong support is around 11100 level. Short traders should have a good time in the rest of 2020.
NSE:NIFTYShort
by ssen
3
Bank Nifty - LongNifty bank looked weaker in today session it closed between 20 EMA ( Lower Side) and 200 DMA ( Upper Side) Stocks like SBIN (Bearish) , YES Bank ( Mildly Bearish) would continue to show some weakness. Indus Ind bank ( At support ) , Axis Bank ( At Support ) , ICICI Bank ( Bounced from 100 DMA), HDFC Bank ( Trading in a Range) should keep the bank nifty high. Over all Bank nifty looks positive for next session. Bank nifty can be bought at current levels 28725 with stop loss of 28621 ( 100 Point Stop Loss)
NSE:BANKNIFTYLong
by priceNpedia