NIFTY DAILY - 21/5/2024

Nifty 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.

⚠️ 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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