This was the chart I made during the day; ofcourse Nifty Future went above than the last candles shown. The idea was to show how previous Gaps act as support and resistances.
As of now the next gap resistance is at 3760! And speaking of Gaps, do take a look at the blue shaded ones we have been leaving behind during this phenomenal rise. Some need to be filled? Any takers???
the gap near 2700 looks miles away for now...looking at way icici bk (stk which has shown no growth in past 3 yrs and poor quarter results ) rallies proves the exuberance which has peaked in markets.
ReplyDeleteSir,if you remember i had mailed on your yahoo id sometime in march..i tried reaching on number you gave me..but couldnt get through.
I am resending my query...will be very helpful if you could spare some time whenever free to reply.
thanks