NIFTY DAILY - 7/6/2024

Nifty opens near previous day closing and bulls were aggressive from starting of the day and made days high of 22320 level with 468 points up which is almost 2%.

Index has formed big bullish candle on daily chart with small upper and lower shadow.

MACD is giving Bullish Crossover.

Nifty has broken the resistance of 23059 so, further 23396 will work as resistance level with support of 23007 level.

Bank Nifty levels
Support – 49547
Resistance – 49974

Today’s Advance Decline ratio of NIFTY50
Advance - 48
Decline - 2

FII Buy + 4391.02 crores
DII Sell – 1289.75 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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