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NIFTY DAILY - 26/4/2024
Nifty 50 Index
NIFTY DAILY - 26/4/2024
By radha_23
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Apr 26
4
Apr 26
Nifty opens gap up but didn’t sustain at 22600 level.
Bears were back into the market and drag the Index to day’s low which is 22385.
Nifty has formed shaven head red body candle with lower shadow which indicates participants were selling from day’s high.
Nifty is taking support of 9 Days Exponential Moving Average Line.
Nifty has broken the support of 22424 level so, further support can be 22368 with resistance of 22562 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 17
Decline - 33
FII Sell – 3408.88 crores
DII Buy + 4356.83 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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Chart Patterns
exponentialmovingaverage
Technical Indicators
niftydaily
Trend Analysis
radha_23
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