IGI Logo

Key Highlights

NIFTY breaches below 50 Day SMA (17850)

NIFTY SPOT: 17764.80 (-0.75%)

DYNAMIC PARAMETER: NIFTY maintained Lower Top Lower Bottom pattern.

TRADING ZONE: Resistance: 17850 (50 Day SMA) / 17994 (20 Day SMA)

Support: 17688 (Day Low) / 17613 (Swing Low)

BROADER MARKET: UNDERPERFORMED, MIDCAP 31271 (-1.44%), SMALLCAP 11036 (-1.63)

Advance-Decline: 463 / 1526

VIEW: Bearish till below 17994 (20 Day SMA).

BANKNIFTY SPOT: 37976.25 (-0.17%)

DYNAMIC PARAMETER: Index closed below 50 Day SMA .

TRADING ZONE:

Resistance: 38436 (50 Day SMA) / 38725 (3 Day High)

Support: 37748 (Day Low) / 37500 (Key Support)

VIEW: Bearish till below 38436 (50 Day SMA).

Technical Snapshot

To Read Complete Report & Disclaimer Click Here

To Know More Details Visit GEPL Capital

SEBI Registration number is INH000000081.

Please refer disclaimer at https://geplcapital.com/term-disclaimer

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer