Market Overview: Nifty 50 Futures The Nifty 50 futures pullback (50%) gave a indecisive close (i.e., Doji) for this week, and filled the buy limit orders present at the positive gap. Overall week was sideways with no major move. Nifty 50 gapped down on the open (i.e. Monday ~start of the week) and the close […]
Support and resistance
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Open of day and month as support and resistance.
The open of the month or day can be a magnet. On the last day of the month, if the open of the day is within about 5 points of the open of the month, there is about a 70% chance that the market will trade to the open of the month as a test. […]
