You must be an amazing Gym guy. Your Flexing game 
is always strong 
1 Like
@nithin_kumrr, can you expand on this? Or give source where you read about this?
There’s still a huge gap of 4th Dec '23 (20291-20507) in Nifty. While I’m not really a huge believer/follower of technical analysis, if this doesn’t get filled, it’d be the first time that Nifty has left such a huge area (1%) without visiting even once in its history.
Yea, the context was that Dec 1st closed at 20,267 and Dec 4th opened at 20,601. So there’s this 330 point gap that hasn’t been filled. Technical says, these kinds of gaps are expected to get revisited, but sometimes the market just moves on and forms a new level altogether.
I was explained this through an inflation adjusted lens, like if you factor in 5 -6% inflation, that 20,267 level could effectively shift to around 21,300 - 21,500 over time. So even if Nifty doesn’t drop back to fill the original gap, hitting those levels later could technically be seen as revisiting that zone.
4 Likes
Yeah, thought so…
Sometimes, it can take a while before filling these sorts of gaps. When the Exit Polls of 2014 elections came out (May 2014), market again had a jump, and it wasn’t until Feb '16 that it was filled. In the meantime, Nifty rose by around 30%.
But then again, there’s a first time for everything. Maybe this 20291-20507 gap will remain unfilled…
1 Like
I would say that it is mental blacked. Back in 2022, I had such issues. For example when price hit all time high, or if it went beyond 20 to 30% of all time high, I simply did not touched that stock ! But all this equation reversed after reading the book called " Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market" by Mark Minervini. This book systematically removed that blacked!. I evolved myself from 20 % to 450%. Here is one such example ! I think Hudco graph will give good picture than me.
So this GAP theory normally does not work for the Indices , but in case of Stock it works , its my experience 
1 Like
In my experience it works for indices more than for stocks. As this theory is based on volume. Markets that leave gaps are less liquid hence less attractive for FII’s.
We cannot predict 100% moves.
I saw some quote that time in the market is good than timing the market.
Yes of course
1 Like
Nice Base on Base action! Great book. I have recommended this book on TradingQNA before 
I think markets will bounce back post may.