Indian indices open at previous day closing and rebounded sharply after yesterday’s fall.

Nifty has formed big green body candle with upper and lower shadow.

Candle is formed below 9 days Exponential Moving Average line.

Further levels for nifty will be 21831 level will work as support and resistance will be 22381 level.

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

FII Sell – 1356.29 crore
DII Buy + 139.47 crore.

⚠️ Important: Always maintain your Risk & Reward Ratio.

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Chart PatternsexponentialmovingaverageTechnical IndicatorsniftydailyTrend Analysis

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