NIFTY DAILY - 9/5/2024
Nifty opens gap down and bears were aggressive from staring of the day and drag the market down to the 21932 level which is low of the day.
Nifty has formed a big bearish candle with upper shadow.
Nifty was down around -360 point and at the end of the day it gave closing near 21957 with -345 points down that is -1.55%.
Market was highly volatile throughout the trading session. Index is trading at trendline support.
Nifty has broken the support of 22286 so, further support will be 21777 with resistance of 22156 level.
Bank Nifty levels
Support – 47305 Resistance – 47818
Today’s Advance Decline ratio of NIFTY50
Advance - 7
Decline - 43
FII Sell – 6994.86 crores
DII Buy + 5642.53 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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Happy learning with trading. Cheers!🥂
Nifty has formed a big bearish candle with upper shadow.
Nifty was down around -360 point and at the end of the day it gave closing near 21957 with -345 points down that is -1.55%.
Market was highly volatile throughout the trading session. Index is trading at trendline support.
Nifty has broken the support of 22286 so, further support will be 21777 with resistance of 22156 level.
Bank Nifty levels
Support – 47305 Resistance – 47818
Today’s Advance Decline ratio of NIFTY50
Advance - 7
Decline - 43
FII Sell – 6994.86 crores
DII Buy + 5642.53 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!🥂
Disclaimer
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