June 7, 2010

Nifty GAP analysis in hourly chart

  • NIFTY has closed the gap that was created on friday.
  • I was expecting to see an ISLAND REVERSAL. But in yahoo page the opening is shown at 5132 so the gap stands filled. I have to recheck this again.
  • But the main thing is that we have one more gap that's not filled and that is at 4800 levels. If global markets remain week through out this week nifty may try to fill that gap as well.
  • CLICK HERE TO SEE GAP ANALYSIS DONE LAST WEEK

2 comments:

  1. San,

    Good catch. Saw that at open today. Have we formed a new wedge if the lows of today stays. Also higher lows possible. This is actually good - we could go up if we hold the 5000 levels. I already see Nikkie up 0.5% from its lows.

    Ofcourse, world cues not helping. Europe today and Euro is crucial.

    gd

    ReplyDelete
  2. @golfdude
    Lets see what happens when europe opens

    ReplyDelete