NIFTY, BANKNIFTY.leaves behind unfilled gap created another gap.
this reminds me the way nifty and bank nifty had created gaps during their downward journey
last year.
Gaps if they are formed in 3rd wave or C wave needs time to get filled up.
It is really matter of concern as both nifty and bank nifty had not filled up the 1 st gap completely
but have both created another gap today.
With rising covid cases in India may not remain as India specific story.It may affect other markets too.
US market touching all time high needs only technical reason to correct as nothing rises in straight line.
DII buying has pushed nifty in to minor channel.of course it is out side the major channel.
Nifty and bank nifty both has to fill up the gaps as soon as possible that will only signal change in direction.
If another gap is created towards the down side nifty may break 14000 level.
Red lines in the chart specifies support and resistance lines.
let us see how market reacts to the news of vaccination all above 18 yrs.
don't forget to like my post. follow me to get updates
last year.
Gaps if they are formed in 3rd wave or C wave needs time to get filled up.
It is really matter of concern as both nifty and bank nifty had not filled up the 1 st gap completely
but have both created another gap today.
With rising covid cases in India may not remain as India specific story.It may affect other markets too.
US market touching all time high needs only technical reason to correct as nothing rises in straight line.
DII buying has pushed nifty in to minor channel.of course it is out side the major channel.
Nifty and bank nifty both has to fill up the gaps as soon as possible that will only signal change in direction.
If another gap is created towards the down side nifty may break 14000 level.
Red lines in the chart specifies support and resistance lines.
let us see how market reacts to the news of vaccination all above 18 yrs.
don't forget to like my post. follow me to get updates
