Nifty analysis for 02/04/19

share market

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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