NIFTY DAILY - 12/4/2024Nifty opened gap down and bear stretch their arms and drag the nifty to low of the day that is 22503 which is around 1% and 234 points.
Nifty has formed red body big candle with upper shadows which indicates participants were selling from upper end.
A small part of candle is crossing 9 days Simple Moving Average Line on daily chart.
Nifty is at support level which is 22518 so, further support will be 22364 with resistance of 22720 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 5
Decline - 45
FII Sell – 8027 crores
DII Buy + 6341.53 crores.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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