NIFTY DAILY - 6/5/2024
Another winning streak of Bear’s, Nifty opens gap up and made day high that is 22588 but didn’t sustain upper level and bear took over the market and drag it down to the 22409 level.
Index has formed bearish with small upper and lower shadow on daily chart.
MACD is giving Crossdown which indicates more bearishness into the market.
Further support of nifty will be 22406 level with resistance of 22562 level.
Bank Nifty levels
Support – 48677 Resistance – 49057
Today’s Advance Decline ratio of NIFTY50
Advance - 23
Decline - 27
FII Sell – 2168.75 crores
DII Buy + 781.39 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!🥂
Index has formed bearish with small upper and lower shadow on daily chart.
MACD is giving Crossdown which indicates more bearishness into the market.
Further support of nifty will be 22406 level with resistance of 22562 level.
Bank Nifty levels
Support – 48677 Resistance – 49057
Today’s Advance Decline ratio of NIFTY50
Advance - 23
Decline - 27
FII Sell – 2168.75 crores
DII Buy + 781.39 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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