September 16, 2016

Market outlook

Daily charts
- trend is up on daily charts
- today, markets rallied but eventually sold off
- so the gap has been filled
- immediate support 8600-8500
- for trend reversal, 8480 must break



5 min charts
- break from rectangle was short trade
- this was the only safe trade




5 comments:

  1. KPLji...on Nifty spot there is still a 80 ps gap left by today's price.....do we still consider the gap to be filled.. if you could clarify this pls.. thanks

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  2. Sir,
    there is no denying that "gap is filled" But will you please elaborate the philosophy of gap fill up We are a bit confused.
    Thanks

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    Replies
    1. Visit http://www.investopedia.com/articles/trading/05/playinggaps.asp

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