Nifty analysis for 20/02/19


Nifty after opening went up to the high of 10722 which was exactly on the green line. From this point it reversed to post a low of 10585 and closed at 10604. This is usual phenomenon that once a share breaks support line then it becomes a resistance line. So after touching green line nifty reacted and went down. Also today it closed 2nd time below green line. Now to confirm breakout it has to close below green line tomorrow also. So let us watch for the same.

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