Nifty
- We are looking at daily candlestick chart
Observations
- On 16 Sept Nifty opened gap down between 17877 to 17796
- coincidently Nifty 76.4% retracement level is also around same level 17777
- for 4 consecutive days Nifty is struggling at 17800 levels
- With 1 hour's trade to go today volume is on a lesser side
Given the conditions, fresh longs in...
You can see there is a huge gap between 14350 - 14600,
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Market will fill the gap but when we don't know.
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So for Tomorrow, we focus on simple Strategy.
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Till 14460, we will buy PE on sell on rise.
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If Nifty cross 14500 we can go for 14600 CE.
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You can give your suggestions in comment box.
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