#NIfty50 - Look at the candles marked by red arrows
Every time Nifty opens higher than the previous day's close and close above the previous day's high, The chances are higher that bottom is made and the price will again open gap up the next day.
Considering the previous price action, there is a possibility that nifty may open gap tomorrow
Currently nifty closed at the resistance around 11100 and if it opens above it probably it will be heading towards 11300 levels.
Intraday supports are at 11030 -11035 levels - useful if prices retrace.
The said view will be negated below 10900 levels
Every time Nifty opens higher than the previous day's close and close above the previous day's high, The chances are higher that bottom is made and the price will again open gap up the next day.
Considering the previous price action, there is a possibility that nifty may open gap tomorrow
Currently nifty closed at the resistance around 11100 and if it opens above it probably it will be heading towards 11300 levels.
Intraday supports are at 11030 -11035 levels - useful if prices retrace.
The said view will be negated below 10900 levels