SANJAYPATIDAR_

Whats Next in Nifty after biggest fall.

NSE:NIFTY   Nifty 50 Index
NIFTY

#NIFTY50 DAY Chart Analysis for 05- JUNE-24.

📰BJP is unable to form a stable clear majority government, so there will be an impact on markets 📰

👉Perfect Handling of markets before elections and Glitch in CDSL it was so perfect and flawless, after that massive fall by 5.93%.

🔹View: Biggest fall seen yesterday and still it is not in a mood for V shap recovery. So lets analyse in detail.

TECHNICAL ANALYSIS

👉INDIA VIX :- 26.74 ( V. High )

👉PCR :- 0.52 ( Decreased)

🔹Structure :- 1 year range breakout on Monday became a 1 year gain erosion on Tuesday.
👉Price hit around 200 EMA after 7.5 months.

🌐GLOBAL:-DJI& Nasdaq close slightly bullish. 📰

🌐GIFTNIFTY:- 90 Points Plus.

👉OI:- Immediate resistance 22300 after that Heavy calls Written at 22500 followed by 22500 make a strong resistance for Nifty.

👉FII DII:- Both sold Heavily.

⚡️⚡️OUTLOOK:- will remain in range for some days if not fallen instantly below the mentioned zone on chart.

Detailed analysis on chart Study it and mark levels on your chart

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