Nifty analysis for 31/01/19

stock market

As expected nifty opened gap up but could not sustain higher level and came down to close near yesterday's close. It took resistance on green line but posted higher low. So today's candle is very important as it is 3rd day after breakout. If today nifty closes below green line and posts lower low then downward breakout will be confirmed. Lets us watch for the same.

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