Hi Keerthi,
There Is A Gap Between The Last & Second Last Bar...Any Of The Following
Should Happen....
a) If Monday Gaps Up Then It Could Close The Gap & Come Down Again
b) If It It Opens Down...Then It Could Move Up To Close The Gap Later In The Day
c) If It Fails To Close The Gap On Monday...Then Ideally It Should Close The Gap Within 3-4 Trading Sessions
Good Thing Is That BBs...Have Expanded With This Gap Down...Therefore, Previous Resistances Will Be Far Easier To Cross...When It Gets There....
Incidentally Bearish Crossover Hasn't Happened Except For A Sharp Downturn.
Happy & Safer Trading
SavantGarde
There Is A Gap Between The Last & Second Last Bar...Any Of The Following
Should Happen....
a) If Monday Gaps Up Then It Could Close The Gap & Come Down Again
b) If It It Opens Down...Then It Could Move Up To Close The Gap Later In The Day
c) If It Fails To Close The Gap On Monday...Then Ideally It Should Close The Gap Within 3-4 Trading Sessions
Good Thing Is That BBs...Have Expanded With This Gap Down...Therefore, Previous Resistances Will Be Far Easier To Cross...When It Gets There....
Incidentally Bearish Crossover Hasn't Happened Except For A Sharp Downturn.
Happy & Safer Trading
SavantGarde
Thanks for your response & good insight given for learners like me. Please keep it up.
Still I confused & not convinced to refer Nifty spot (instead of NF level) movements for Option tradings. Even though NF movement is basically related Nifty spot & there is some degree / % rate of difference in level movements (like lead / lag w.r.t Nifty spot levels, referrred as premium or discount) which result in fast change in option price levels .
Kindly, what is your opinion in this regard & recommendation to refer NF or Spot levels for option entry & exit levels (which is more related / relevant than other).
Since learned some little from your threads, keep asking more for learning some more nowadays.. Finally I want to follow CAPTAIN's instruction & views!
Regards,
Keerthi