05-05-2022 09:36 AM | Source: GEPL Capital
NIFTY breaches 16800 mark after the sudden rate hike by RBI - GEPL Capital
News By Tags | #57 #879

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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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