Nifty is due for correction

After posting a low of 8806.75 nifty posted high of 10176.20 giving a total rise of 1369.45. Yesterday it posted a red candle after 5 green candles. There might be a possibility of correction.but not confirmed yet. Be prepared for the same. We also have to observe whether nifty will touch the red line before reversal. It has crossed and is above long term support line which may not be broken now.

In our #share #analysis #software, we got an intraday down signal. But all other signals are up. Follow the software's 5 DMA stop loss to safeguard your position.