NIFTY DAILY - 12/6/2024Nifty opens gap up and bulls were aggressive from starting of the day and made All Time High which is 23441 level, into second half nifty was not able to sustain at higher level and fall from day’s high and made day low which is 23295.
Index has form small body bearish candle with upper shadow which indicates participants were selling from upper level.
Candle is trading near upper band of Bollinger Band.
Nifty is able to hold 23300 level so, further resistance can be 23396 level with support of 23007 level.
Bank Nifty levels
Support – 49547
Resistance – 49974
Today’s Advance Decline ratio of NIFTY50
Advance - 32
Decline - 18
FII Buy + 426.63 crores
DII Buy + 233.75 crores.
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Niftydaily
NIFTY DAILY - 10/6/2024Nifty opens with gap up and made All Time High which 23411 but didn’t sustain the upper level and made days that is 23227 level.
Nifty gave closing down by -30 points which is around -0.13%.
Index has formed a red body candle with long upper shadow which indicates participants were selling from higher level.
Currently RSI is trading at 58.
Nifty is not able to sustain above 23300 level so, further 23396 will work as resistance level with support of 23007 level.
Bank Nifty levels
Support – 49547
Resistance – 49974
Today’s Advance Decline ratio of NIFTY50
Advance - 27
Decline - 23
FII Buy + 2572.38 crores
DII Buy + 2764.64crores.
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NIFTY DAILY - 7/6/2024Nifty opens near previous day closing and bulls were aggressive from starting of the day and made days high of 22320 level with 468 points up which is almost 2%.
Index has formed big bullish candle on daily chart with small upper and lower shadow.
MACD is giving Bullish Crossover.
Nifty has broken the resistance of 23059 so, further 23396 will work as resistance level with support of 23007 level.
Bank Nifty levels
Support – 49547
Resistance – 49974
Today’s Advance Decline ratio of NIFTY50
Advance - 48
Decline - 2
FII Buy + 4391.02 crores
DII Sell – 1289.75 crores.
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NIFTY DAILY - 6/6/2024Index opens with gap up and made days high which is 22910 level but market was highly volatile so nifty made day’s low which is 22642 level.
Nifty was up by almost 270 points which is Approx 1%, nifty gave closing around 22821 level with 200 points plus.
Nifty has formed small bullish candle with upper and lower shadow on daily chart.
Candle is trading above Middle Band of Bollinger Band. Nifty has broken the resistance of 22794 so, further 22059 will work as resistance level with support of 22635 level.
Bank Nifty levels
Support – 48568 Resistance – 49334
Today’s Advance Decline ratio of NIFTY50
Advance - 38
Decline - 12
FII Sell – 6867.72 crores
DII Buy + 3718.38 crores.
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NIFTY DAILY - 5/6/2024Nifty opens gap up and bulls were struggle to survive into the markets and made days low 21791 level.
Afterwards bulls came back into action and made days high which is 22670 with 735 points up which is almost 3.36% up.
Nifty has formed a big bullish candle on daily chart with long lower shadow which indicates participants were buying from day’s low.
Candle is trading below 19 Days Moving Average Line.
Further levels for nifty can be 22794 level which is resistance and support will be 22400 level.
Bank Nifty levels
Support – 48568
Resistance – 49334
Today’s Advance Decline ratio of NIFTY50
Advance - 48
Decline - 2
FII Sell – 5656.26 crores
DII Buy + 4555.08 crores.
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NIFTY DAILY - 4/6/2024Nifty open with huge gap down and hit days low which is 21281 level with almost -1800 points which is more then -7% on daily chart.
Nifty was highly volatile due to Lok Sabha Election Vote Counting.
Index has formed shaven head candle on daily chart which indicates participants were selling from days high.
MACD is giving Crossdown.
Nifty has given closing at 21884 with -1379 points which is -5.93%.
further levels for nifty can be 21550 will work as support level and resistance will be 22050 level.
Bank Nifty levels
Support – 45854
Resistance – 47689
Today’s Advance Decline ratio of NIFTY50
Advance - 13
Decline - 37
FII Sell – 12436.22 crores
DII Sell – 3318.98 crores.
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NIFTY DAILY - 3/6/2024Nifty open with huge gap up and with All Time High which is 22337 level with almost 807 points which is almost 3.58% up, this rally followed exit polls results.
Nifty has formed Shaven head candle or Hanging Man candle on daily chart.
MACD is bounce back from Signal Line. Nifty has given closing near 23263 level with 733 points up which is 3.25%.
Further levels for nifty can be 23299 will work as resistance level and support will be 23121 level.
Bank Nifty levels
Support – 51438
Resistance – 50467
Today’s Advance Decline ratio of NIFTY50
Advance - 43
Decline - 7
FII Buy + 6850.76 crores
DII Buy + 1913.98 crores.
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NIFTY DAILY - 30/5/2024Fifth winning streak of bears with huge gap down.
Bears were aggressive from starting of the day and made day’s low which is 22417 level with almost 270 points.
Nifty has formed big body bearish candle with upper and lower shadow on daily chart.
Candle is trading below 9 Days Simple Moving Average line on daily chart.
22313 will work as support level with resistance of 22586 level.
Bank Nifty levels
Support – 48276
Resistance – 48832
Today’s Advance Decline ratio of NIFTY50
Advance - 10
Decline - 40
FII Sell – 3050.15 crores
DII Buy + 3432.92 crores.
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NIFTY DAILY - 24/5/2024Nifty opens lower and made day low which is 22908 level, afterwards bulls drag the market upside and made All Time High that is 23026 level.
Nifty was highly volatile throughout the trading session, Nifty traded in between +50 points to -50 points for whole day.
Index has formed green body candle with long upper shadow which indicates seller were selling from days high.
Candle is trading at upper band of Bollinger Band.
Nifty is able to hold 22900 so, further resistance can be 23059 level with support of 22716 level.
Bank Nifty levels
Support – 48677
Resistance – 49334
Today’s Advance Decline ratio of NIFTY50
Advance - 17
Decline - 32 Unchanged – 1
FII Sell – 944.83 crores
DII Buy + 2320.32 crores.
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NIFTY DAILY - 23/5/2024Nifty opens with positive note and bulls were aggressive from starting of the day, nifty made All Time High Record which is 22993 level with almost 369 points up which is around +1.64%.
Nifty has formed a big body bullish candle with small lower and upper shadow.
Candle is trading at upper Band of Bollinger Band and giving breakout of it.
Double Moving Averages are giving Crossover on Daily Chart.
Nifty has crossed the resistance level which was 22610 so further resistance can be 23059 level with support of 22716 level.
Bank Nifty levels
Support – 48677
Resistance – 48832
Today’s Advance Decline ratio of NIFTY50
Advance - 44
Decline - 6
FII Buy + 4670.95 crores
DII Buy + 146.51 crores.
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NIFTY DAILY - 22/5/2024Nifty opens with gap up and there was a selling pressure in starting which made day low which is 22483, but afterwards nifty made high of 22629 level.
Nifty has formed Long Legged Doji pattern on daily chart which indicates opening and closing price are very close.
RSI is around 59.
Nifty has broken the resistance of 22586 so, further resistance can be 22610 level with support of 22554 level.
Bank Nifty levels
Support – 47305 Resistance – 48110
Today’s Advance Decline ratio of NIFTY50
Advance - 33
Decline - 17
FII Sell – 686.04 crores
DII Buy + 961.91 crores.
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NIFTY DAILY - 21/5/2024Nifty opens on negative note but bulls were aggressive from starting of the day and made days high which is 22591 level.
Nifty formed shaven bottom candle on daily which indicates participants were buying from days low.
Candle is trading above 9 Days Exponential Moving Average.
Nifty is able to hold 22500 level so, further resistance can be 22586 level with support of 22406.
Bank Nifty levels
Support – 47305 Resistance – 48110
Today’s Advance Decline ratio of NIFTY50
Advance - 23
Decline - 27
FII Sell – 1874.54 crores
DII Buy + 3548.97 crores.
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NIFTY DAILY - 17/5/2024Nifty opens with gap up and traded range bound throughout the trading sessions.
Index made days high which is 22502.
Nifty has formed a small body bullish candle on daily chart with upper and lower shadow.
MACD is on urge of Crossover.
Nifty is able to hold above 22400 so next resistance can be 22556 level with support of 22286 level.
Bank Nifty levels
Support – 47876 Resistance – 48527
Today’s Advance Decline ratio of NIFTY50
Advance - 27
Decline - 23
FII Buy + 1616.79 crores
DII Buy + 1556.25 crores.
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NIFTY DAILY - 16/5/2024Nifty opens with positive note but bears took the market to low of the day which is 22054 with almost -160 points, into last one hour’s bulls were trying to stretch their arms and took nifty to high of the day which is 22432 level with almost up by 203 points (+0.92%).
Nifty has formed bullish candle with long lower shadow which indicates participants were buying from day lower level.
Currently RSI is around 53.
Nifty has broken the resistance of 22273 and able to hold above 22400 so next resistance can be 22556 level with support of 22286 level.
Bank Nifty levels
Support – 47305 Resistance – 48110
Today’s Advance Decline ratio of NIFTY50
Advance - 38
Decline - 12
FII Sell – 776.49 crores
DII Buy + 2127.81 crores.
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NIFTY DAILY - 15/5/2024Nifty opens gap up and mad days high which is 22297 level but didn’t survive upper level and bear drag the nifty down to the 22151 points, after that index was in a consolidation and gave flat to bearish closing which is -17 points.
Index has formed red body candle with upper and lower shadow.
Candle is crossing 9 Days Moving Average Line on daily chart.
Nifty is able to hold 22200 level so, further resistance can be 22273 with support of 22166 level.
Bank Nifty levels
Support – 47305 Resistance – 48110
Today’s Advance Decline ratio of NIFTY50
Advance - 23
Decline - 27
FII Sell – 2832.83 crores
DII Buy + 3788.38 crores.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 15/5/2024Nifty opens with positive note and made days high which is 22270 with almost 160 points.
Nifty was highly volatile for entire trading session.
Nifty has formed green body candle with upper and lower shadow on daily chart.
Candle is moving towards middle band of Bollinger Band.
Nifty has broken the resistance of 22156 so, further resistance can be 22273 with support of 22166 level.
Bank Nifty levels
Support – 47305 Resistance – 48110
Today’s Advance Decline ratio of NIFTY50
Advance - 36
Decline - 14
FII Sell – 4065.52 crores
DII Buy + 3527.86 crores.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 13/5/2024Nifty opens gap down and made days low which is 21821 level with almost -160 points.
Into second half bulls took controls into their hand and made days high which is 22131 level with 48 points up almost 0.22%.
Index has formed Bullish candle with long lower shadow which indicates participants were buying from days lower end.
Candle is taking support of Trendline on daily chart.
Nifty is able to hold 22000 level so, further resistance can be 22156 with support of 21995 level.
Bank Nifty levels
Support – 47305 Resistance – 47818
Today’s Advance Decline ratio of NIFTY50
Advance - 29
Decline - 21
FII Sell – 4498.92 crores
DII Buy + 3562.75 crores.
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NIFTY DAILY - 10/5/2024Index 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.
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NIFTY DAILY - 9/5/2024Nifty 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.
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NIFTY DAILY - 8/5/2024Bear losses its winning streak, Nifty was open gap down but bulls were aggressive and made days high that is 22368, Nifty was highly volatile for the day.
Nifty has formed green body candle with upper and lower shadow.
Index has given neutral closing for the day.
Candle is below 9 Days Exponential Moving Average Line. Index is able to hold 22300 level so, nifty find nearest support at 22286 with resistance of 22389 level.
Bank Nifty levels
Support – 47876 Resistance – 48527
Today’s Advance Decline ratio of NIFTY50
Advance - 25
Decline - 24
Unchanged - 1
FII Sell – 6669.10 crores
DII Buy + 5928.81 crores.
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NIFTY DAILY - 7/5/2024Third winning strike of Bear, again nifty opens gap up at 22489 level but didn’t sustain and bear drag nifty down to low of the day which is 22232 level.
Nifty was down by almost 200 points but given closing at around -140 points which is -0.62%. Nifty has formed a big red body candle with upper and lower shadow on daily chart.
Candle is trading below middle band of Bollinger Band.
Nearest support of nifty will be 22286 with resistance of 22389 level.
Bank Nifty levels
Support – 47876
Resistance – 48527
Today’s Advance Decline ratio of NIFTY50
Advance - 16
Decline - 34
FII Sell – 3668.84 crores
DII Buy + 2304.50 crores.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 6/5/2024Another winning streak of Bear’s, Nifty opens gap up and made day high that is 22588 but didn’t sustain upper level and bear took over the market and drag it down to the 22409 level.
Index has formed bearish with small upper and lower shadow on daily chart.
MACD is giving Crossdown which indicates more bearishness into the market.
Further support of nifty will be 22406 level with resistance of 22562 level.
Bank Nifty levels
Support – 48677 Resistance – 49057
Today’s Advance Decline ratio of NIFTY50
Advance - 23
Decline - 27
FII Sell – 2168.75 crores
DII Buy + 781.39 crores.
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NIFTY DAILY - 3/4/2024Nifty opens record high which is 22794 level, but didn’t sustain the upper level and nifty fall almost 250 points which is 22348 level almost 1%.
From lower end nifty was trying to recover and give closing at 22475 level with -172 points (-0.76%).
Nifty has formed Bearish Engulfing candle on daily chart which indicates more bearishness into the market.
Candle is taking support of 20 Days Exponential Moving Average Line. Further support of nifty will be 22406 level with resistance of 22562 level.
Bank Nifty levels
Support – 48677
Resistance – 49057
Today’s Advance Decline ratio of NIFTY50
Advance - 15
Decline - 35
FII Sell – 2391.98 crores
DII Buy + 690.52 crores.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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