NIFTY DAILY - 30/4/2024Nifty opens gap up and hits records high which is 22783 level but didn’t sustain at upper level, into last trading hour nifty wipe out all day gain nifty was up by almost 120 points and turn negative -38 points.
Nifty has formed bearish Belt Hold Candle on daily chart which indicates participants were selling from day high.
RSI is around 57.
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 - 24
Decline - 25 Unchanged - 1
FII Buy + 1071.93 crores
DII Buy + 1429.11 crores.
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Niftydaily
NIFTY DAILY - 20/04/2024Nifty opens with positive note and recover pervious days loss.
Index was bullish throughout the trading session. Nifty made days high of 22655 with 223 points up which is almost 1%.
(Bank Nifty hits Record high that is 49473).
Nifty has formed a big green body candle with small upper and lower shadow.
MACD is giving crossover. Nifty has broken the resistance of 22562 level so, further resistance will be 22700 level with support of 22425.
Today’s Advance Decline ratio of NIFTY50
Advance - 32
Decline - 18
FII Buy + 169.09 crores
DII Buy + 692.05 crores.
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NIFTY DAILY - 26/4/2024Nifty opens gap up but didn’t sustain at 22600 level.
Bears were back into the market and drag the Index to day’s low which is 22385.
Nifty has formed shaven head red body candle with lower shadow which indicates participants were selling from day’s high.
Nifty is taking support of 9 Days Exponential Moving Average Line.
Nifty has broken the support of 22424 level so, further support can be 22368 with resistance of 22562 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 17
Decline - 33
FII Sell – 3408.88 crores
DII Buy + 4356.83 crores.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 25/4/2024Nifty opens gap down but bulls stretch their arms for yet another session and made days high that is 22625.
Nifty was up almost 200+ points, at closing time nifty was up by 167 points which is 0.75%.
Index has formed a big green body candle with upper shadow on daily chart which indicates participants were buying from days lower level.
Candle is 90% above the 9 Days Exponential Moving Average Line.
MACD is on urge of Crossover. Nifty has broken the resistance of 22242 level so, further resistance will be 22700 level with support of 22425.
Today’s Advance Decline ratio of NIFTY50
Advance - 40
Decline - 10
FII Sell – 2823.33 crores
DII Buy + 6167.56 crores.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 24/4/2024Gap up opening into Nifty and bulls stretch their arms for another session and made days high which is 22476 level.
Nifty was almost choppy(flat) during trading hours.
Into last trading hours nifty made days low which is 22384 and gave closing near todays opening level.
Nifty has formed small red body candle with upper and lower shadows.
Double Moving Averages are giving crossdown. Nifty has given closing above 22400 level so, further 22556 level will work as resistance level and 22242 will work as support level.
Today’s Advance Decline ratio of NIFTY50
Advance - 30
Decline - 20
FII Sell – 2511.74 crores
DII Buy – 3809.90 crores.
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NIFTY DAILY - 23/4/2024Nifty opens with positive note, and traded between 22360 to 22420 range throughout trading hours.
At the end of the day nifty was up by 31 points.
Nifty has formed shaven head red body candle on daily chart.
Candle is trading above 20 Days Exponential Moving Average Line.
Nifty is able to hold 22300 level and broke the resistance level which was 22276 so, further resistance will be 22556 level with support of 22242 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 24
Decline - 25
Unchanged - 1
FII Sell – 3044.54 crores
DII Buy – 2918.94 crores.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 22/4/2024Second winning strike of bulls, Nifty opens gap up with almost 150 points.
Initially bears were trying to capture the market but didn’t sustain and made days low that is 221989 level.
Market was choppy throughout the trading session, into last trading hour nifty made high of 22375 with almost 220 points up which is around 1% and gave closing near today’s opening level which is 22336 level.
Index has formed Dragonfly Doji on daily chart which indicates indecisiveness among participants. Candle is taking support of 20 Days Exponential Moving Average Line.
Nifty is able to hold 22300 level and broke the resistance level which was 22276 so, further resistance will be 22556 level with support of 22242 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 44
Decline - 5
Unchanged - 1
FII Sell - 2915.23 crores
DII Buy - 3542.93 crores.
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NIFTY DAILY - 19/4/2024Nifty opens gap down almost -150 points but into second half bulls were back into the market and made days high that is 22179.
(which means nifty recover 150 points from bottom and another rally of 150 points which means total nifty recovered by 300 points).
Nifty has formed a big green body candle with long lower shadow and upper shadow, which indicates buyer were buying from day ends.
Index is able to give closing above trendline.
Nifty is taking support around 40 RSI level.
Nifty reclaim 22000 level and able to break the resistance level which was 22152 so further resistance can be 22276 with support of 221936 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 30
Decline - 19
Unchanged - 1
FII Buy + 129.39 crores
DII Sell – 52.50 crores.
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NIFTY DAILY - 18/4/2024Nifty opens with positive note but bulls didn’t survive into the market and loss all the day gains at the end of the day.
Market falls another 152 points (around 0.69%).(nearly 774 points in last 4 trading session).
Nifty has formed red body big candle on daily chart.
Bearish engulfing pattern is formed on daily chart, which indicated more bearishness into the market.
Candle is trading below 20 days Simple Moving Average Line. Nifty is above it support level which is 21936 with resistance of 22152 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 14
Decline - 36
FII Sell – 4260.33 crores
DII Buy + 2285.52 crores.
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NIFTY DAILY - 16/4/2024Third gap down opening of Nifty50 due to global causes and ended lower for entire trading session.
Another 125 points down into third gap down (nearly 624 points drop in last 3 trading session).
Nifty has formed small body green candle with upper and lower shadows. MACD is giving Crossdown.
Nifty broken the support of 22242 so, further support will be near 21936 with resistance of 22214 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 16
Decline - 34
FII Sell – 4468.09 crores
DII Buy + 2040.39 crores.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 15/4/2024Nifty opens huge gap down due to global cause.
Another 250 points which is around 1% nifty was down(A market drop of nearly 500 points in just two days).
Nifty has formed red body candle with long upper shadow which indicates participants were selling from lower end and made days low that is 22259.
MACD is on urge of Crossdown.
Nifty broken the support of 22364 so, further support will be near 22242 with resistance of 22351 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 6
Decline - 44
FII Sell – 3268 crores
DII Buy + 4762.93 crores.
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NIFTY DAILY - 12/4/2024Nifty opened gap down and bear stretch their arms and drag the nifty to low of the day that is 22503 which is around 1% and 234 points.
Nifty has formed red body big candle with upper shadows which indicates participants were selling from upper end.
A small part of candle is crossing 9 days Simple Moving Average Line on daily chart.
Nifty is at support level which is 22518 so, further support will be 22364 with resistance of 22720 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 5
Decline - 45
FII Sell – 8027 crores
DII Buy + 6341.53 crores.
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NIFTY DAILY - 10/4/2024Nifty opens gap up and traded range bound throughout the session.
Nifty made new record high in last trading hour. Index has formed a small body green candle with upper and lower shadows.
Currently RSI is trading at 67.
Nifty is able to break the resistance of 22720 level so, further resistance can be 22863 level with support of 22518 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 32
Decline - 18
FII Sell + 2278.17 crore
DII Buy + 163.36 crore.
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NIFTY DAILY - 9/4/2024Nifty opens with new high which is 22768 level, but bulls didn’t survive into todays trading session.
Into second half Bear overtake the market and erase all the gain and made days low that is 22612.
Nifty has formed big red body candle with lower shadow which indicates participants were selling from top end.
Nifty is trading near upper band of Bollinger Band.
Nifty is able to hold above 22600 level so next resistance can be 22720 level with support of 22518.
Today’s Advance Decline ratio of NIFTY50
Advance - 16
Decline - 34
FII Sell – 593.20 crore
DII Buy + 2257.18 crore.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Happy Gudi Padwa 🙏🏻
May This Year Brings You Lot's of Profit 🚀🚀
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NIFTY DAILY - 8/4/2024Nifty hits record high that is 22697 level.
Bulls were aggressive from stating of the day.
Nifty has formed green body candle with small upper and lower shadows.
Nifty has broken the resistance level of 22520 so next resistance can be 22720 level with support of 22464 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 37
Decline - 13
FII Sell – 684.68 crore
DII Buy + 3470.54 crore.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 5/4/2024Nifty opens gap down, bulls were trying to sustain into the market and made days high that is 22513.
Nifty has form green body small candle with long lower shadow which indicates participants were buying from lower end.
Nifty traded flat throughout the session Nifty has given closing near yesterday’s closing.
Nifty is able to hold above 22500 level, to start next bounce towards 22520 and 22720 whereas support exists at 22404 levels.
Today’s Advance Decline ratio of NIFTY50
Advance - 20
Decline - 28
Unchanged - 2
FII Sell – 1659.27 crore
DII Buy – 3370.42 crore.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 4/4/2024Nifty opens hug gap up and broke three days consolidation strike.
Nifty has made record high of 22619 level but didn’t survive at top.
Bear took charge and made days low of 22303 level, nifty recover almost in last couple of hours. Nifty has formed a big red body candle with long lower shadow, which indicates buyer were buying from lower ends. MACD is giving crossover.
Nifty is able to hold above 22500 level, to start next bounce towards 22520 and 22720 whereas support exists at 22404 levels.
Today’s Advance Decline ratio of NIFTY50
Advance - 31
Decline - 19
FII Sell – 1136.47 crore
DII Buy – 893.11 crore.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 3/4/2024Nifty opens gap down but bulls took charge into their hand and made days high that is 22521 level.
Nifty has formed green body small candle with upper and lower shadows.
(after two doji candle todays candle is green which indicate continuation of bull trend – personal opinion)
Double Moving Averages are on urge of crossover.
Nifty is able to give closing above 22400 level so further levels can be, 22520 will work as resistance level with support of 22311 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 20
Decline - 30
FII Sell – 2213.56 crore
DII Buy + 1102.41 crore.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 2/4/2024Nifty open flat and made days high 22497 level buy didn’t sustain that level.
Index has formed another Doji candle on the daily chart at the top of the market which indicates thug of war between buyers and sellers as today’s closing was near the opening levels.
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 - 28
Decline - 22
FII Sell – 1622.69 crore
DII Buy + 1952.72 crore.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 1/4/2024Third 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.
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NIFTY DAILY - 28/3/2024Another gap up opening of Index and highly volatile session, Index has made days high that is 22516 level, there was profit booking in last hours of trading.
Third green body shaven bottom candle is formed on daily chart, which indicates todays open and low are same and buyers were buying from starting of the day.
Formation of last three candles are higher highs higher lows.
MACD is on an urge of Crossover. Candle is above 9 days Moving Average line on daily chart.
Today’s closing was below 22381 level so this will work as resistance with support of 22145 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 45
Decline - 5
FII Buy + 188.31 crore
DII Buy + 2619.52 crore.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 27/3/2024Index opens with gap and bulls stretch their arms for another day, and made days high that is 22193.
Index has formed green body shaven bottom candle on daily chart, which indicates todays open and low are same and buyers were buying from starting of the day.
Candle is above 9 days Moving Average line on daily chart. Index has broken the resistance of 22115 level so, further resistance can be 22381 level with support of 22028 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 22
Decline - 27
FII Buy + 2170.32 crore
DII Buy + 1197.61 crore.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 26/3/2024Nifty opens with gap down and bulls enter into the market and made days high that is 22073.
Index has formed green body shaven bottom candle which indicates participants were buying from lower end.
Candle is above 50 Day’s Exponential Moving Average.
Nifty is able to hold above on 22000 level so that next hurdle level can be 22115 and weakness could be seen towards 21831 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 20
Decline - 30
FII Buy + 10.13 crore
DII Buy + 5024.36 crore.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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