Bears hold strong grip over Market - GEPL Capital
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Key Highlights:
Bears hold strong grip over Market….
NIFTY SPOT: 17149.10 (-2.66%)
TRADING ZONE: Resistance: 17290 (Hourly Resistance) / 17485 (50 Day SMA)
Support: 16997 (Day Low) / 16820 (Multiple Touch point Level)
BROADER MARKET: UNDERPERFORMED, MIDCAP 29383 (-3.86%),
SMALLCAP 10870 (-4.78%) Advance-Decline: 167 / 1948
VIEW: Bearish till below 17779 (20 Day SMA).
BANKNIFTY SPOT: 36947.55 (-1.67%)
Resistance: 37308 (20 Day SMA)/ 37741 (2 Day High)
Support: 36819 (50 Day SMA) / 36375 (Day Low)
VIEW: Bearish till below 37741 (2 Day Low)
Technical Snapshot
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