NIFTY DAILY - 6/3/2024

After a three choppy session Nifty hit a new high in second half that is 22497 level.

Nifty has formed a big green body candle with long lower shadow which indicates buyers were buying from lower end and upper shadow.

Candle has taken support of 9 days Exponential Moving Average.

Nifty find nearest resistance 22520 level and nearest support lies around 22269 level.

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

FII Buy + 2,766.75 crore
DII Buy + 2,149.88 crore.

⚠️ 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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