NIFTY closes at 3 weeks low on the weekly charts - GEPL Capital
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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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