NIFTY DAILY - 11/3/2024

Nifty open with negative note and made days low that is 22307.

Index has formed big bearish candle with lower shadow which indicates bears were creating pressure from top level.

Candle has taken support of 9 days Exponential Moving Average Line.

Nifty has broken the support of 22368 so further support will be 22272 level with 22381 resistance level.

Today’s Advance Decline ratio of NIFTY50

Advance - 17
Decline - 33

FII Buy + 4212.76 crore
DII Buy +3238.39 crore.

⚠️ Important: Always maintain your Risk & Reward Ratio.

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