NIFTY bounces back sharply from 200 Day SMA (16811) - GEPL Capital
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Key Highlights:
NIFTY bounces back sharply from 200 Day SMA (16811)….
NIFTY SPOT: 17352.45 (3.03%)
TRADING ZONE:
Resistance: 17465 (50 Day SMA) / 17639 (Swing High)
Support: 17200 (Intraday Support) / 17000 (Key Support)
BROADER MARKET: UNDERPERFORMED
MIDCAP 28375 (2.86%), SMALLCAP 10475 (2.51%)
Advance-Decline: 1448 / 623
VIEW: Bullish above 17639 (Swing High).
BANKNIFTY SPOT: 38170.10 (3.42%)
TRADING ZONE:
Resistance: 38790 (3 Day High)/ 39425 (Swing High)
Support: 37772 (100 Day SMA) / 37000 (Key Support)
VIEW: Bullish above 39425 (Swing High)
Technical Snapshot
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