Gap Up - Gap Down को कैसे ट्रेड करे ? I Tuesday Technical Talk I Vishal B Malkan

Summary

In this episode of Tuesday Technical Talk, Vishal discusses market trends, focusing on Nifty's recent behavior, the impact of the December month on trading, and key concepts like size, frequency, and color in candlestick analysis. He emphasizes the importance of higher time frames for clearer analysis and shares insights on using gaps and volume patterns as support and resistance. Vishal also touches on specific stocks, like PNB and REC PFC, and previews the upcoming ABCD event, promising detailed 2025 market predictions from experts. The session provides in-depth lessons for traders seeking to enhance their skills and strategies.

Takeaways

• 😀 ABCD 'Anybody Can Trade' event is happening in 3 days. Today is the last day for the Black Friday offer with huge discounts on tickets.
• 😀 The Nifty market has shown a reversal after a significant downtrend, with a potential uptrend starting, but it's uncertain whether it's a correction or a long-term trend change.
• 😀 December is a crucial month for traders to review their trading strategies, backtest, watch charts, and make a few good trades before the year ends.
• 😀 In 2025, a detailed market analysis will be shared in ABCD, including insights from astro-financial experts, about the market outlook for the coming year.
• 😀 Understanding multiple timeframes (monthly, weekly, and daily) is essential for better trading analysis and decision-making.
• 😀 A loud move in the market is a significant signal that indicates the end of a downtrend and the potential beginning of an uptrend.
• 😀 Candlestick patterns, such as gaps and RSI movements, provide valuable insights into market behavior and can indicate whether the trend will continue or reverse.
• 😀 The concept of 'size, frequency, and color' of candlesticks helps traders understand market sentiment: an increase in green candles signals bullish momentum.
• 😀 It’s important to use a combination of different time frames to get a clearer picture of the market trend and avoid confusion.
• 😀 Analyzing the high and low of previous candles, especially in monthly and weekly charts, is a simple yet effective technique for understanding market direction.
• 😀 Stock selection based on sector strength, such as the banking sector when Bank Nifty shows bullish signals, is a key to successful trading strategies.

Q & A

What is the significance of the Black Friday offer mentioned in the video?

The Black Friday offer provides significant discounts on tickets for the 'Anybody Can Trade' event. Specifically, there is a 66% discount on the basic ticket and 50% off the premier ticket, with the offer ending on the day of the video.

What is the current market sentiment according to the video?

The market sentiment has shifted from bearish to more positive. The Nifty market, which had been showing a downtrend, recently took support at a key level (weekly 40) and has shown signs of a potential uptrend, though it remains uncertain whether this signals the end of a correction or a continued downtrend.

How does the speaker suggest approaching trading in December?

The speaker advises traders to use December as a time for reflection, back-testing, and making small trades to build momentum for 2025. Despite any losses in 2024, December is seen as a critical month for preparation and improvement.

What is the significance of the 'loud move' in market analysis?

A 'loud move' refers to a large price movement, typically accompanied by strong volume, that signifies a shift in trend. It suggests that the downtrend might be over and an uptrend could be starting, as seen with the Nifty chart analysis.

What does the speaker say about the importance of multiple time frames in analysis?

The speaker emphasizes the importance of considering multiple time frames (monthly, weekly, daily) when analyzing charts. By zooming in and out of different time frames, traders can gain a more comprehensive understanding of market trends and avoid confusion from focusing on just one chart.

How does the speaker explain the concept of 'gap support' in the Nifty chart?

The speaker explains that gaps in the price chart, known as 'windows,' can act as strong support or resistance levels. In the Nifty chart, the gap created by a gap-up opening was filled, and since the price has held above that gap, it suggests that the trend may be reversing upwards.

What role does RSI (Relative Strength Index) play in the market analysis?

RSI is used to identify overbought or oversold conditions. In the context of the video, the speaker discusses how RSI levels, particularly at key thresholds like 60 and 40, help identify potential trend reversals or confirm the strength of an ongoing trend.

What is the significance of the 'high-low' analysis mentioned in the video?

The 'high-low' analysis focuses on comparing the high and low of previous candles to determine market direction. If the current price moves above the high of the previous candle, it suggests a bullish trend, while moving below the low of the previous candle signals a bearish trend.

How does the speaker use candlestick patterns like 'outside' and 'inside' to analyze stocks?

The speaker uses candlestick patterns like 'outside' and 'inside' to analyze stock behavior. 'Outside' candles signal a potential reversal, while 'inside' candles suggest consolidation. These patterns, along with RSI and volume analysis, help in predicting the next move in the market.

What is the speaker's outlook for the banking sector based on the technical analysis?

The speaker is optimistic about the banking sector, particularly after observing Bank Nifty crossing the RSI level of 60, indicating bullish momentum. Stocks like Bank of Baroda, Canara Bank, and PNB are highlighted as potential beneficiaries of this upward trend.