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NIFTY closes below 20 Day SMA (16315)….

NIFTY SPOT: 16201.8 (-1.68%)

TRADING ZONE:

Resistance: 16315 (20 Day SMA) / 16475 (Multiple touch Points)

Support: 16150 (Key Support) / 16000 (Key Support)

BROADER MARKET: UNDERPERFORMED

MIDCAP 150: 10381.05 (-0.71%), SMALLCAP 250: 8506.9 (-0.88%)

Advance-Decline: 1115 / 945

VIEW: Bearish till below 16315 (20 Day SMA)

BANKNIFTY SPOT: 34483.8 (-1.71%)

TRADING ZONE:

Resistance: 34794 (20 Day SMA)/ 35000 (Key Resistance)

Support: 34346 (Day Low) / 34000 (Key Support)

VIEW: Bearish till below 34794 (20 Day SMA)

Technical Snapshot

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