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.
⚠️ 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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