NIFTY closes below 20 Day SMA 16315 - GEPL Capital
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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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