NIFTY TREND ANALYSIS – 4 APRIL 2019

NIFTY WAS MOVING IN BULLISH TREND FROM LONG DURATION, AFTER A LAST CONTRACT EXPIRY IT GIVES THE GAP-UP OPENING NEXT DAY BECAUSE IT CLOSED NEAR TO MULTIPLE ORDER FLOWS, THAN IT WENT INTO THE UPPER DIRECTION AND RE-TEST THE LAST MAJOR RESISTANCE ZONE AND PRICE BACK . NOW IT IS IN THE AREA WHERE PRICE GIVE THE GAP-UP OPENING AFTER LAST CONTRACT EXPIRY. NOW CURRENTLY SELLERS ARE ALSO ENTER INTO THE MARKET FROM LAST ONE WEEK, THEY ARE ALSO EQUAL PART OF THE TREND MAY BE FOR TEMPORARY DURATION. LETS SEE THE IMPACT OF MARKET IN NEXT COMING SESSIONS.