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Nifty - Is Gap Up Evident Enough To Rely Upon?

By Satendra SinghStock MarketsSep 14, 2018 10:59
in.investing.com/analysis/nifty--is-gap-up-evident-enough-to-rely-upon--200204930
Nifty - Is Gap Up Evident Enough To Rely Upon?
By Satendra Singh   |  Sep 14, 2018 10:59
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Nifty opens with a good gap-up on Friday amid a pull-back in crude oil prices overnight and receding trade tensions between the United States and China, but increasing hopes of bulls are not enough to sustain for a long in absence of a constructive outcome to finally end tariff trade war. On analysis of the movement of Nifty 50 in different time frames in the following charts during the first one hour, I find that this gap-up move seems to turn into an exhaustive candle even today as the current level of Nifty is evident enough to attract fresh shorts.

Nifty 50 Daily Chart
Nifty 50 Daily Chart

Nifty 4 Hr. Chart - Expected Zones
Nifty 4 Hr. Chart - Expected Zones

Nifty 1 Hr. Chart - Expected Zones
Nifty 1 Hr. Chart - Expected Zones

Nifty 15 Minutes Chart - Expected Zones
Nifty 15 Minutes Chart - Expected Zones


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Nifty - Is Gap Up Evident Enough To Rely Upon?
 

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Nifty - Is Gap Up Evident Enough To Rely Upon?

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