NIFTY DAILY - 3/4/2024

Nifty 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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Chart PatternsTechnical IndicatorsmovingaveragecrossoverniftydailyTrend Analysis

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