NIFTY DAILY - 4/6/2024

Nifty open with huge gap down and hit days low which is 21281 level with almost -1800 points which is more then -7% on daily chart.

Nifty was highly volatile due to Lok Sabha Election Vote Counting.

Index has formed shaven head candle on daily chart which indicates participants were selling from days high.

MACD is giving Crossdown.

Nifty has given closing at 21884 with -1379 points which is -5.93%.

further levels for nifty can be 21550 will work as support level and resistance will be 22050 level.

Bank Nifty levels
Support – 45854
Resistance – 47689

Today’s Advance Decline ratio of NIFTY50
Advance - 13
Decline - 37

FII Sell – 12436.22 crores
DII Sell – 3318.98 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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