Tradingviewindia
Index Gap Filling Target Strategy in Sudden Falls...(Rare Cases)Broke the trend line, fine retest and sudden fall. In such cases of sudden fall which happens very rarely, booking profits at right support is very important and you can find the right targets too. Targets should be the closing of the previous days. You can book profit at the previous day's closing and enter again with smaller stop loss targeting previous days closings, this is how index might fill the remaining gaps due to gap up openings. This same concept worked in Nifty also same day. Nifty took support exact at the previous days closings. So always mark the closing prices while market extreme volatile. I have checked this multiple times so please test this in live market while shorting Nifty or Bank Nifty. And please be free to comment on this, anything and everything is important. Let me know the con's of this strategy and more pro's are also welcome. Express yourself and like this if you actually understood this concept. Thank You!!!
BankNiftyStrong support from 21000 , if fail to sustain lower low will create. Then retest and journey might start towards 19000 and 18000 which is very unlikely right now.
NIFTY If fail to sustain 10900 then downtrend will start in daily timeframe otherwise waiting for another higher high...
NIftyCrucial support at 11000 , also broke the trend line , next trading day will tell us completely broken or not. As of now going towards the important support of 10900.
BANKNIFTY!!Weekly candle is bearish. Green line is Monthly 100 EMA. If that 20500 level get broken then Banknifty will enter in higly bearish mode and work in second channel or will move towards the bottom.
Please ignore the over marked intra-day levels.
All that Glitters is GoldHad called out Gold as the asset class of the year at the start of 2019, and boy it has had a stellar run so far. Now right at the edge of a major area. a increase in risk aversion in equity markets can just help this blow right past this zone.
BANKNIFTY- It Looks all SetBanknifty closed below a crucial multi day reference, spot below the 30650 areas and Futures below 30900 .
a follow through or a hold is needed and we are likely to test the marked regions ( blue dashed ) in coming sessions.
