NOWADAYS ITS ALL ABOUT GAPS IN NIFTY

(Click Chart for an enlarge view)

Above Chart shows daily chart of nifty from august 2011 till sep 21 2012.There are many Gap's in NIFTY chart.As per technical analysis market always fill GAP's ,expect GAP's formed in last two weeks all other GAP's filled and market gone below. Yellowish marking on the right side shows a GAP is filled but market didn't closed below Gap candle ,we can see How bullish is  NIFTY  after that.

NIFTY can be brought on dip till it close below 5430 levels and a near term target of 5850.