NIFTY DAILY - 10/5/2024

Index opens with positive note and made days high that is 22131 level.

Nifty traded between 50 to 100 points choppy session throughout the day.

Index is trading at trendline support and below the 50 Day’s Exponential Moving Average Line.

Nifty is able to hold 22000 level so, further resistance can be 22156 with support of 21777 level.

Bank Nifty levels
Support – 47305
Resistance – 47818

Today’s Advance Decline ratio of NIFTY50
Advance - 38
Decline - 12

FII Sell – 2117.50 crores
DII Buy + 2709.81 crores.

⚠️ Important: Always maintain your Risk & Reward Ratio.

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