NIFTY DAILY - 2/5/2024

Nifty opens on lower note but afterwards nifty made high of the day which is 22710 level.

Index was choppy throughout the trading session.

Nifty has formed shaven bottom candle on daily chart which indicates participants were buying from day’s low.

Double Moving Averages are giving crossover.

Nifty is able hold 22600 level so, further resistance will be 22700 level with support of 22425.

Today’s Advance Decline ratio of NIFTY50
Advance - 29
Decline - 21

FII Sell – 964.47 crores
DII Buy + 1352.44 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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