Nifty technical analysis for 4th April, 24

٣ أبريل ٢٠٢٤

Hello there👋

As said yesterday it's a gap down , but still nifty hold 22350 level & again reversed to 22500 .. 22270 to 22350 act as demand zone..

Mulitimeframe analysis :-

*** In monthly, Weekly chart.. Indecisive candlesticks seen & beraish diversion.. Trend is positive➕➕ on daily chart it's inverted hammer candlestick. Price resist 22500 levels & pull back.. It seems any fresh breakouts of 22500 level can gained upside momentum..

In 30 min price exactly took support of 50 ma & reverse.. It was a strong pull back towards 22500 .. 22460 & 22359 has been a consolidation range... Any break out / down gives good movement..

Also have posted on chart price going upward with a support of trendline.. See all the levels.. Exactly followed.

Levels for tomorrow

Resistance - 22460 : 22475 : 22500 : 22527 : 22560 : 22600 : 22622

Support - 22417 : 22380 : 22347 : 22308 : 22273 : 22220

All levels and information given is strictly for educational purposes. No buy/sell recommendation. 🙏
DYOA & make decisions.

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Thank you🙏

Gifty nifty touched new high..
Market can be gap up tomorrow.. 🤔