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Nifty analysis for 08/02/19

stock market

Nifty just crossed red line but reacted back to close below it forming lager upper leg dojji. Dojji means indecision. This may be end of up move which started at low of 10652. If today nifty failed to cross red line which is placed at 11116, then it may go down towards green line. Else break out above red line may take place. But chances of coming down are more. lets us watch for that.

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