NIFTY DAILY - 1/4/2024

Third winning strike of bulls and Nifty hit records high which is 22529 level.

Nifty open with a gap up but there was some profit booking from top.

Nifty has formed Gravestone Doji candle on daily chart.

(Tomorrow nifty should remain positive for bullish momentum or else we may see bearish sentiments into the market – personal opinion).

MACD is giving Bullish Crossover. So, further levels for nifty will be 22336 will work as support level and 22520 will work as resistance level.

Today’s Advance Decline ratio of NIFTY50
Advance - 31
Decline - 18

FII Sell – 522.30 crore
DII Buy + 1208.42 crore.

⚠️ Important: Always maintain your Risk & Reward Ratio.

✅Like and follow to never miss a new idea!✅

Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.

Eat🍜 Sleep😴 TradingView📈 Repeat 🔁

Happy learning with trading. Cheers!🥂