Nifty analysis for 06/03/19


Nifty posted big green candle taking it to almost 11000 mark. Now price at red line is around 11200 which is not far away. But the main point is it is neither breaking red line upwards nor breaking green line downwards. So positive breakout to one of these line is very important. Then nifty will move fast in that direction either up or down. Till that time we have to trade between these two lines.

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