nifty closes below 20 dma and imp trend line.
candle stick long shadow and red hammer.
trend confirmation at this stage is not confirmed.
nifty needs to take out the trend line and 20 dma for its bullish confirmation.
11902 is important support breaking below this nifty may drift to much below lower levels(11785) net support
IT IS NEAR THE SUPPORT.
MY PREVIOUS CALL OF 07/02/2020 FOR TARGET 44 ACHIEVED ON FRIDAY.
IT IS LIKELY TO BOUNCE FROM THIS LEVEL IF ANYTHING POSITIVE IN THE RESULT.
WATCH CARE FULLY BROKERS RECOMMENDATIONS.
PLEASE GO THROUGH MY PREVIOUS POST ATTACHED HERE WITH.
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