NIFTY DAILY - 8/5/2024
Bear losses its winning streak, Nifty was open gap down but bulls were aggressive and made days high that is 22368, Nifty was highly volatile for the day.
Nifty has formed green body candle with upper and lower shadow.
Index has given neutral closing for the day.
Candle is below 9 Days Exponential Moving Average Line. Index is able to hold 22300 level so, nifty find nearest support at 22286 with resistance of 22389 level.
Bank Nifty levels
Support – 47876 Resistance – 48527
Today’s Advance Decline ratio of NIFTY50
Advance - 25
Decline - 24
Unchanged - 1
FII Sell – 6669.10 crores
DII Buy + 5928.81 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.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Nifty has formed green body candle with upper and lower shadow.
Index has given neutral closing for the day.
Candle is below 9 Days Exponential Moving Average Line. Index is able to hold 22300 level so, nifty find nearest support at 22286 with resistance of 22389 level.
Bank Nifty levels
Support – 47876 Resistance – 48527
Today’s Advance Decline ratio of NIFTY50
Advance - 25
Decline - 24
Unchanged - 1
FII Sell – 6669.10 crores
DII Buy + 5928.81 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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