Nifty analysis for 19/02/19

Nifty failed to reverse and close much below green line. This is 1st closing of downward breakout. This time it is with more aggression. For confirmation of this breakout nifty has to close 2 more days below green line. In our #share #analysis #software nifty has given long term sell signal on 14/02/19 and today it has given 200 DMA sell signal. 200 DMA is psychological barrier and if this signal is confirmed then it gives long term effect on market. So in near future nifty may go down to a level of 10333 from where it has reversed in the past. Watch for that.

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