NIFTY DAILY - 13/2/2024

Nifty opened with negative note but bears were not able to sustain in the market.

The bulls attempted to stretch their arms for the session and made high of the day that is 21766.

Index has form green body candle with long lower shadow and upper shadow which indicates bulls are buying from lower end.

Another candle is closed below on 9 days Simple Moving Average line.

Index may find nearest resistance at 21912 level and 21632 will work as nearest support level.

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Chart PatternsTechnical Indicatorsmoving_averageNIFTYniftydailyTrend Analysis

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