Nifty analysis for 14/03/19


Nifty closed second day above red line. This is 2/3 confirmation of upper breakout. But again yesterday's candle is not so healthy. It is long lower leg candle like hanging man. It indicates that nifty may come down. But we should get confirmation of this with today's candle. Otherwise if breakout is confirmed this wave started from low of 10585 can be counted as next impulse wave. I will post its counting and target once it is confirmed.

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