Nifty analysis for 08/05/19

Nifty opened up and went up to 5 DMA line but got resistance at that point and reacted sharply to post loss of 100 points. Actually from day's high it lost 173 points. So for the second time it has reacted from all time high. Total fall is 372 points. But of course this is correction and corrections are always healthy. So let us wait for getting confirmation of end of this correction with the help of #share #analysis #software.