Nifty analysis for 01/02/19

Great bounce back with a big green candle by nifty with a gain of 179 points. Nifty has again entered in channel thus on 3rd day of downward breakout nifty closed above green line. Now again it may try to go to red line. But before that earlier top of 10987 is very important. Let us watch for that as correction is going on. So anything can happen which may be beyond our prediction.