Saturday, June 16, 2012

3 different moves following gap up opening on 15 June 12

If  u feel that after a gap up opening ,  market will move up you may be correct as yesterday Nifty moved up and closed above 84 points or 1.6%.
If u feel that after gap up opening profit booking will take place and scrip will fall below previous close then you may be correct here too ..see ONGC after gap up opening and 2 % up move came under bears grip and finally close in red zone below 0.6 %...
If u feel that after gap up opening  scrip will fall but buying will take place at lower level and will close at opening rate making Doji  like eod candle . then u are correct too ...

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Raja sekhar (6/15/2012 11:06:53 PM): sir one thing if only i would have met u earlier my life would have been different sir (6/15/2012 11:07:19 PM): nothing gone (6/15/2012 11:07:35 PM): still long way is ahead

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