11-01-2021 09:59 AM | Source: GEPL Capital Ltd
NIFTY closes at 3 weeks low on the weekly charts - GEPL Capital
News By Tags | #57 #879

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Key Highlights

NIFTY closes at 3 weeks low on the weekly charts

NIFTY SPOT: 17671.65 (-1.04%)

DYNAMIC PARAMETER: NIFTY formed Lower Top Lower Bottom pattern.

TRADING ZONE: Resistance: 17833 (Intraday Resistance) / 18020 (20 Day SMA)

Support: 17613 (Day Low) / 17452 (5 Week Low)

BROADER MARKET: OUTPERFORMED, MIDCAP 30469 (-0.15%), SMALLCAP 10766 (-0.46)

Advance-Decline: 832 / 1121

VIEW: Bearish till below 18020 (20 Day SMA).

 

BANKNIFTY SPOT: 39115.60 (-1%)

DYNAMIC PARAMETER: Index sustained above 20 Day SMA.

TRADING ZONE:

Resistance: 39425 (Intraday Resistance) / 39775 (Day High)

Support: 39070 (20 Day SMA) / 38700 (Intraday Support)

VIEW: Bearish below 39070 (20 Day SMA).

 

Technical Snapshot

 

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