Nifty technical analysis for 5th April 24

4 kwi

Hello there👋

Today's nifty closed on 22514..positive
After opening gap up nifty again made new high 22619 & reversed touched 22300. Again pulled back to 22500..

Technically in daily tf
Bearish diversion it's a hammer candlesticks on top. Still nifty having 22370 : 22220 & 22170 coming support levels.. 22300 to 22420 again supported as demand zone.

Levels for tomorrow
Resistance - 22560 : 22580 : 22620 : 22657 : 22705
Support - 22489 : 22473 : 22452 : 22413 : 22382 : 22340 : 22290 ( pivot)

Gift nifty again made new high..
Fed rate cut still not in action... Can be happened 2024 but not in coming sessions.. Positive ++
Gold made new high.. Metals also made highs..
India vix down.. Below 12 ..

Mixed cues

All the levels and information given is strictly for educational purposes. No buy / sell recommendations🙏
DYON & make decisions.

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