NIFTY DAILY - 12/6/2024

Nifty opens gap up and bulls were aggressive from starting of the day and made All Time High which is 23441 level, into second half nifty was not able to sustain at higher level and fall from day’s high and made day low which is 23295.

Index has form small body bearish candle with upper shadow which indicates participants were selling from upper level.

Candle is trading near upper band of Bollinger Band.

Nifty is able to hold 23300 level so, further resistance can be 23396 level with support of 23007 level.

Bank Nifty levels
Support – 49547
Resistance – 49974

Today’s Advance Decline ratio of NIFTY50
Advance - 32
Decline - 18

FII Buy + 426.63 crores
DII Buy + 233.75 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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