NIFTY breaches below 50 Day SMA (17850) - GEPL Capital
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/11/9bc42e85ee69753a1f94080ab723377c.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
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
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/12/a59e901a4afa8122e9c00ddcb3eb959d.jpg)
Bears display complete dominance on Dalal Street
![Market Wrap Up : On the sector front, performance was mixed, with no clear winners emerging Says Mr. Rajesh Bhosale, Angel One](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/06/10dd3f1e2df7d522fdeefc93c7461413.jpg)
![Weekly Market Analysis : Markets remained volatile for yet another week but managed to end in the green Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![Simplifies Options Trading with Sensibull; Offers Effective Options Trading Strategies by Angel Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/05/1921189a87a52948b995928d6fa91d8d.jpg)