SGXNIFTY CLOSED 57 PTS UP WILL IT TAKE NIFTY UP SEE ANALYSIS !!

LET US FIND THE OPENING OF SGXNITY ON MONDAY AND SEE IMPACT ON NIFTY.

1. AS YOU KNOW ALL SGX NIFTY CLOSED 57 PTS UP ON FRIDAY. THEREFORE , IT SHOULD ADD MORE POINTS BEFORE 8AM IN MORNING. AS DOW CLOSED AROUND 455 PTS UP. IF WE HAVE THAT DATA THEN WE CAN EASILY SAY THAT THERE IS GAP UP OPENING ON SGX NITY AS WELL AS NIFTY .
2. NOW COME TO TECHNICAL ANALYSIS NIFTY VIEW HAS BEEN ALREADY SHARED MANY OF YOU HAVE GONE THROUGH IT. NOW SEE SGX NIFTY FIG. FIRST WE SHOULD KNOW THE PHASE OF MOVEMENT IN SGX THAT IS RE-DISTRIBUTION . IT MEANS VERY SOON NOT NOW IT WILL MOVE DOWN. LET THE FINAL PHASE BE COMPLETED.
3. RED COLOR & PINK COLOR IS THE UPPER ZONE WHERE THIS PHASE CAN GO. THERE ARE TWO DOTTED GREEN LINES MAKING A RANGE WHERE SGX CAN MOVE .
4. NOW SEE CAREFULLY IF UPPER GRREN DOTTED LINE IS TAKEN OUT BY GAP UP OPENING ON MONDAY THEN PRESRNT MOVE WILL FINISH IN MENTIONED ZONE. ON THE CONTRARY IF GAP DOWN OPEN OR FLAT OPEN THEN WHITE DOTTED LINE WILL BREAK AND THIS MOVE CAN TAKE SGX NITY TO LOWER END OF GREEN DOTTED LINE. THEN OUR NIFTY WILL OPEN GAP DOWN.
5. I THINK THE CONDITION IS NOW CLEAR. IF NOT THEN READ TWICE.
6. AGAIN I FORGOT TO MAKE MOVEMENT STRUCTURE OTHERWISE YOU WOULD BE ABLE TO UNDERSTAND EASILY. NOW PUT LITTLE BIT EFFORT TO UNDERSTAND.
7. I FEEL RATHER THAN GAP UP IT SHOULD FOLLOW FLAT TO GAP DOWN STRUCTURE ON OPENING. I CAN BE WRONG ANY TIME. BUT IF YOU HAVE ALL CONDITION IN FRONT OF YOU THEN TRADING BECOMES EASIER.MARKET MOVES WITH STRUCTURES . AND THESE STRUCTURES HAVE FREE HAND TO REJECT AND SELECT ANY FORMATION ANY TIME. THAT IS THE REASON EVEN MOST LEARNED TRADERS FALL PRAY TO THESE FORMATIONS. REST MARKET WILL DECIDE.
YOGESH VATS