Nifty analysis for 02/04/19


Yesterday nifty posted high of 11738 but could not sustain this level and closed at 11669. This high is just short of all time high of 11759 posted on 28/08/18. From this level nifty got corrected to 9952 on 23/03/18. Yesterday's candle is like gravestone dojji which is a single candle downward reversal pattern. So this pattern at market top and failure to cross all time high indicates downward reversal may occur. But now a days we can't say anything. Also in our #share #analysis #software 5 DMA trend is UP. Only intraday trend is down. So we have to wait for today to confirm this with a red candle.

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