NIFTY DAILY - 23/4/2024

Nifty opens with positive note, and traded between 22360 to 22420 range throughout trading hours.

At the end of the day nifty was up by 31 points.

Nifty has formed shaven head red body candle on daily chart.

Candle is trading above 20 Days Exponential Moving Average Line.

Nifty is able to hold 22300 level and broke the resistance level which was 22276 so, further resistance will be 22556 level with support of 22242 level.

Today’s Advance Decline ratio of NIFTY50
Advance - 24
Decline - 25
Unchanged - 1

FII Sell – 3044.54 crores
DII Buy – 2918.94 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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Chart PatternsexponentialmovingaverageTechnical IndicatorsniftydailyTrend Analysis

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