NIFTY DAILY - 13/5/2024

Nifty 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.

⚠️ 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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