NIFTY DAILY - 15/4/2024

Nifty opens huge gap down due to global cause.

Another 250 points which is around 1% nifty was down(A market drop of nearly 500 points in just two days).

Nifty has formed red body candle with long upper shadow which indicates participants were selling from lower end and made days low that is 22259.

MACD is on urge of Crossdown.

Nifty broken the support of 22364 so, further support will be near 22242 with resistance of 22351 level.

Today’s Advance Decline ratio of NIFTY50
Advance - 6
Decline - 44

FII Sell – 3268 crores
DII Buy + 4762.93 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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