Banknifty has also slipped below 20-DMA where 38500-38250 is the next critical support zone - Swastika Investmart
Technical Outlook:
Nifty (Spot):
Nifty is struggling to cross its 20-DMA and SGX Nifty is suggesting a gap down opening where if it slips below 17900 level then we can expect further selling pressure towards 17750 level. On the upside, 17980-18000 will act as an immediate resistance after a gap down opening while 20-DMA of 18085 is the next important hurdle.
Banknifty (Spot):
Banknifty has also slipped below 20-DMA where 38500-38250 is the next critical support zone because below 38250 it is vulnerable to more selling pressure. On the upside, 39350- 39400 will be the immediate resistance zone after a gap down opening while 39700 will be the next important hurdle.
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