NIFTY DAILY - 21/3/2024

Gap up opening of Nifty with Positive note and made days high that is 22080.

Into second half bears were back into action and took Nifty down to the low of the day that is 21941 level.

Index has formed small green body candle with upper and lower shadows.

Nifty has taken support of 50 days Simple Moving Average line on daily chart.

Nifty is able to hold above on 22000 level so that next hurdle level can be 22115 and weakness could be seen towards 21831 level.

Today’s Advance Decline ratio of NIFTY50
Advance - 40
Decline - 10

FII Sell – 1826.97 crore
DII Buy + 3208.87 crore.

⚠️ Important: Always maintain your Risk & Reward Ratio.

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Chart PatternsTechnical IndicatorsmovingavarageniftydailyTrend Analysis

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