In the last 3-4 months NIFTY IT index is a significant under-perfomer with respect to nifty. We also had a overvalued rating in NIFTY IT due to the nature of open gaps in the index. NIFTY IT is currently in the consolidation phase between 10750-11800. RRG Charts suggests short term out-performance could continue for some time as NIFTY IT sector is currently falling under the leading quadrant
Gaps are always interesting reference when comes to discrete trading. Some gaps gets faded faster whereas some gaps take its own time to fade. Gaps represents emotions in the market and tracking gaps are critical for any futures trader. So we thought of making things easier for traders where you can track the unfaded gaps on the go.