NIFTY bounces back sharply after touching 200 Day SMA (16876) - GEPL Capital
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Key Highlights:
NIFTY bounces back sharply after touching 200 Day SMA (16876)….
NIFTY SPOT: 17092.20 (-0.67%)
TRADING ZONE:
Resistance: 17148 (Day High) / 17329 (20 Day SMA)
Support: 17000 (Key Support) / 16809 (Swing Low)
BROADER MARKET: UNDERPERFORMED
MIDCAP 28285 (-1.02%), SMALLCAP 9842 (-2.05%)
Advance-Decline: 411 / 1687
VIEW: Bearish till below 17490 (Swing High).
BANKNIFTY SPOT: 37371.65 (-0.83%)
TRADING ZONE:
Resistance: 37759 (100 Day SMA)/ 38461 (Swing High)
Support: 36818 (Day Low) / 36602 (200 Day SMA)
VIEW: Bearish till below 38461 (Swing High)
Technical Snapshot
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