NIFTY DAILY - 27/2/2024

Index open with positive note and afterwards bulls took over the market and made days high that is 22218.

Index has formed green body shaven bottom candle with small upper shadow which indicates participants were buying from lower level.

Candle is taking support of 9 Days Exponential Moving Average as seen in chart.

Next levels for nifty will be 22381 upsides and 22023 level downsides.

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Chart PatternsexponentialmovingaveragesTechnical IndicatorsniftydailyTrend Analysis

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