The NIFTY ends the week below the 17000 mark - GEPL Capital
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Key Highlights
The NIFTY ends the week below the 17000 mark
NIFTY SPOT: 16985.20 (-1.53%)
TRADING ZONE: Resistance: 17180 (Previous session low) / 17298 (Daily high)
Support: 16891 (6th December 2021 low) / 16782 (Previous session low)
BROADER MARKET: UNDERPERFORMED, MIDCAP 39939.30 (— 2.40%), SMALLCAP 10849.55 (-2.48) Advance-Decline: 435/ 1605
VIEW: Bearish till below 17600 (Key resistance level).
BANKNIFTY SPOT: 35618.65 (-2.54%)
DYNAMIC PARAMETER: Index formed a strong bearish candle.
TRADING ZONE:
Resistance: 36000 (Key resistance level) / 36550 (Daily High)
Support: 35327 (Daily Low) / 34798 (Multiple touch point level)
VIEW: Bearish till below 37892 (Swing High).
Technical Snapshot
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