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Nifty gap filling11/5/2023 Please do your own research and consult with a professional before making any investment decisions. Zeytuncu: Community must step up to fill math learning gap. Keep a close eye on the gap, it is a critical level during price declines, if today's high is crossed we may see the index reach 19800 in the upcoming sessions, signaling a trend change.ĭisclaimer: The opinions expressed in this blog are personal views and should not be considered financial advice. Gap fill is considered to be a very popular strategy of trade and is used not just in. This means markets are expected to revolve around these levels in the upcoming session. The highest CE OI is at 19600, and PE at 19500 levels. Gaps of more than 4 are good for Gap and Go trading, Gaps of less than 4 are usually going to be filled but I dont find them as interesting. Broker SignalsĪll the signals recommended by the brokers are currently live.Ī popular broker has identified a new opportunity with the potential for a +15.1% upside. Under the most popular configuration, ' Back Up' ended the day with a loss of -2.29%, and ' Quick Short' with a gain of +1.13%. Today, there were no significant news events that influenced stock movements. Therefore, this pattern suggests a shift from a bearish to a potentially bullish market sentiment. Additionally, the gap should not be breached during any price declines in the upcoming sessions. To confirm a trend reversal, it's crucial for the asset to exceed the day's high.Until Nifty holds the 18,500 level on a closing basis it’s looking. A bottom island reversal is a bullish pattern signaling the end of the preceding downtrend, formed by a gap down, sideways movement, a gap up, and a breakout above the second gap. Technical View NSE Nifty 50 formed a hammer type of candle with a lower shadow after filling the gap on the daily chart. An Island Reversal pattern emerged in the hourly timeframe of the Nifty 50.Overall, Nifty 50 ended the day on a positive note with +0.56%. However, in the last couple of hours, the market remained range-bound. Following the appearance of a bullish candlestick pattern on the daily candle chart, the market had a robust opening today.ĭuring the first few minutes of trading, it managed to fill half of the opening gap before rebounding. Nifty 50 opened on a positive note with a gap-up of 85.75 pts ( +0.44%). In the first session, it managed to fill half of the gap before rebounding.
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