NIFTY DAILY - 19/4/2024
Nifty opens gap down almost -150 points but into second half bulls were back into the market and made days high that is 22179.
(which means nifty recover 150 points from bottom and another rally of 150 points which means total nifty recovered by 300 points).
Nifty has formed a big green body candle with long lower shadow and upper shadow, which indicates buyer were buying from day ends.
Index is able to give closing above trendline.
Nifty is taking support around 40 RSI level.
Nifty reclaim 22000 level and able to break the resistance level which was 22152 so further resistance can be 22276 with support of 221936 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 30
Decline - 19
Unchanged - 1
FII Buy + 129.39 crores
DII Sell – 52.50 crores.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
(which means nifty recover 150 points from bottom and another rally of 150 points which means total nifty recovered by 300 points).
Nifty has formed a big green body candle with long lower shadow and upper shadow, which indicates buyer were buying from day ends.
Index is able to give closing above trendline.
Nifty is taking support around 40 RSI level.
Nifty reclaim 22000 level and able to break the resistance level which was 22152 so further resistance can be 22276 with support of 221936 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 30
Decline - 19
Unchanged - 1
FII Buy + 129.39 crores
DII Sell – 52.50 crores.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
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