NIFTY DAILY - 15/5/2024

Nifty opens with positive note and made days high which is 22270 with almost 160 points.

Nifty was highly volatile for entire trading session.

Nifty has formed green body candle with upper and lower shadow on daily chart.

Candle is moving towards middle band of Bollinger Band.

Nifty has broken the resistance of 22156 so, further resistance can be 22273 with support of 22166 level.

Bank Nifty levels
Support – 47305 Resistance – 48110

Today’s Advance Decline ratio of NIFTY50
Advance - 36
Decline - 14

FII Sell – 4065.52 crores
DII Buy + 3527.86 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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