NIFTY DAILY - 3/4/2024

5월 5일

Nifty opens record high which is 22794 level, but didn’t sustain the upper level and nifty fall almost 250 points which is 22348 level almost 1%.

From lower end nifty was trying to recover and give closing at 22475 level with -172 points (-0.76%).

Nifty has formed Bearish Engulfing candle on daily chart which indicates more bearishness into the market.

Candle is taking support of 20 Days Exponential Moving Average Line. Further support of nifty will be 22406 level with resistance of 22562 level.

Bank Nifty levels
Support – 48677
Resistance – 49057

Today’s Advance Decline ratio of NIFTY50
Advance - 15
Decline - 35

FII Sell – 2391.98 crores
DII Buy + 690.52 crores.

⚠️ Important: Always maintain your Risk & Reward Ratio.

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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.

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