Nifty analysis for 09/04/19


Nifty posted big red candle engulfing previous 2 small candles. This is downward reversal pattern. It indicates that downward correction is yet to complete. So we have to watch today for the further decision. In our #F&O #analysis #software nifty has given 5 DMA sell signal but at the same time open interest trend is strengthening which means shorts are covering. So this is confusing situation. Our #intraday #buy #sell #signal #software will clear the picture.

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