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Key Highlights

NIFTY CONTINUES TESTING FRESH LIFE HIGHS!!

NIFTY SPOT: 17377.80 (0.31%)

DYNAMIC PARAMETER: NIFTY Forms a Spinning top pattern after testing life time high of 17429

TRADING ZONE: Resistance: 17429 (Daily high) / 17500 (Key Resistance level)

Support: 17345 (Day Low) / 17248 (3 Day Low)

BROADER MARKET: OUTPERFORMED,

MIDCAP 29178.35 (0.41%), SMALLCAP 10560 (1.09%)

Advance-Decline: 978 / 985

VIEW: Bullish till above 16722 (Gap Support).

BANKNIFTY SPOT: 36592.35 (-0.46%)

DYNAMIC PARAMETER: Index faces rejection near the 37000 mark.

TRADING ZONE:

Resistance: 36923 (Day High) / 37140 (Previous session high)

Support: 36469 (3Day Low) / 36300 (Multiple touch point level)

VIEW: Bearish till below 37000 (Multiple touch point level).

Technical Snapshot

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