Will nifty take support and pullback?

Atualizado
Here's a question that stands out in everyone's mind :
Will nifty take support and pullback?
If the answer is "YES", then how much pullback will on nifty?

The Supportline of the channel is already followed the 4 times.

Before the answer this Question we have analyzed deeply GAP theory.

Gaps appear more frequently on daily charts, where every day is an opportunity to create an opening gap. Gaps can be subdivided into four basic categories:

  • • Common gap
  • • Breakaway gap
  • • Runaway/ Continuation gap
  • • Exhaustion gap


In the nifty chart, Runaway GAP already has already created. THE current GAP is not clear.

There's only a 35% chance to pullback at 11200 over the nifty.
I will write here how little chance to recover before one big fall.
As per my experience and analysis, we are going to see till big fall before any pullback.

I am sure that, we are going to see more GAP in the coming days.

Here is analysis of DOW JONES 30 US:
Weakness in Dow Jones is stronger.


USDINR:
Double TOP pattern on USDINR.


BANKNIFTY: (Enjoyed)
Double Top reversal pattern plotted on BANKNIFTY.


NIFTY given for short selling:
Researched for U-Turn for nifty.


Long term view was for nifty:
For the clear trend of NIFTY by using TimeCycle, Channel, Major.
Trade ativo
Breaking, i was -ve and break down seen
BANKNIFTYNIFTYPivot PointspullbackSupply and DemandSupport and ResistanceUSDINR

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