NIFTY breaches 16800 mark after the sudden rate hike by RBI - GEPL Capital
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Key Highlights:
NIFTY breaches 16800 mark after the sudden rate hike by RBI….
NIFTY SPOT: 16677.6 (-2.29%)
TRADING ZONE:
Resistance: 16824 (Hourly Resistance) / 17000 (Key Resistance)
Support: 16555 (Key Support) / 16335 (Key Support)
BROADER MARKET: OUTPERFORMED
MIDCAP 150: 10916.35 (-2.05%), SMALLCAP 250: 9183.4 (-2.28%)
Advance-Decline: 401/ 1706
VIEW: Bearish till below 17000 (Multiple Touch Points Level)
BANKNIFTY SPOT: 35264.55 (-2.49%)
TRADING ZONE:
Resistance: 35630 (Intraday Resistance)/ 36309 (Day High)
Support: 35000 (Key Support) / 34625 (Key Support)
VIEW: Bearish till below 36923 (200 Day SMA)
Technical Snapshot
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