NIFTY DAILY - 17/5/2024

Nifty opens with gap up and traded range bound throughout the trading sessions.

Index made days high which is 22502.

Nifty has formed a small body bullish candle on daily chart with upper and lower shadow.

MACD is on urge of Crossover.

Nifty is able to hold above 22400 so next resistance can be 22556 level with support of 22286 level.

Bank Nifty levels
Support – 47876 Resistance – 48527

Today’s Advance Decline ratio of NIFTY50
Advance - 27
Decline - 23

FII Buy + 1616.79 crores
DII Buy + 1556.25 crores.

⚠️ Important: Always maintain your Risk & Reward Ratio.

✅Like and follow to never miss a new idea!✅

Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.

Eat🍜 Sleep😴 TradingView📈 Repeat 🔁

Happy learning with trading. Cheers!🥂