Nifty analysis for 07/03/19

Another step ahead towards red line. Nifty closed above 11000 for the 2nd time in this channel. This time it seems to be firm as last time it came down below 11000 mark and wend down up to 10604. As last time it touched red line when it closed above 11000. But this time there is still gap. But it is not necessary that nifty should touch red line and then move downwards. So let us watch for that.