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Key Highlights:

The Nifty closes below 20 days SMA.....

NIFTY SPOT: 17530.85 (-1.94%)

TRADING ZONE:

Resistance:17861 (Gap Resistance ) / 18000 (Key Resistance)

Support:17480 (Multiple Touch points) / 17380 (Gap Support)

BROADER MARKET: OUTPERFORMED

MIDCAP 150:11933.3 (-2.53%), SMALLCAP 250: 9467.85 (-2.29%)

VIEW: Bearish till below 17861 (Gap Resistance)

BANKNIFTY SPOT: 40776.8 (-1.05%)

TRADING ZONE:

Resistance: 41500 (Key Resistance) / 41834 (Lite Time High)

Support: 40288 (Weekly Low) / 39706 (Gap Resistance)

VIEW: Bearish below 40288 (Weekly Low)

Technical Snapshot

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