NIFTY bounces back sharply, however it unable to sustain above 200 Day SMA (17177) - GEPL Capital
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Key Highlights:
NIFTY bounces back sharply, however it unable to sustain above 200 Day SMA (17177).…
NIFTY SPOT: 17136.55 (1.05%)
TRADING ZONE:
Resistance: 17177 (200 Day SMA) / 17275 (3 Day High)
Support: 16978 (Day Low) / 16824 (3 Day Low)
BROADER MARKET: UNDERPERFORMED
MIDCAP 150: 11329.8 (0.64%), SMALLCAP 250: 9622.75 (0.02%)
Advance-Decline: 508/ 1561
VIEW: Bullish above 17177 (200 Day SMA).
BANKNIFTY SPOT: 36314.9 (-0.07%)
TRADING ZONE:
Resistance: 36565 (50 Day SMA)/ 36878 (200 Day SMA)
Support: 36114 (Day Low) / 35926 (3 Day Low)
VIEW: Bullish above 36878 (200 Day SMA)
Technical Snapshot
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