NIFTY closes below 20 Week SMA (17198) for the 1st time after April 2021 - GEPL Capital
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Key Highlights
NIFTY closes below 20 Week SMA (17198) for the 1st time after April 2021
NIFTY SPOT: 17026.45 (-2.91%)
DYNAMIC PARAMETER: NIFTY closed below 100 Day SMA.
TRADING ZONE: Resistance: 17198 (3 Day High) / 17355 (Day High)
Support: 16900 (Key Support) / 16722 (Gap Support)
BROADER MARKET: UNDERPERFORMED, MIDCAP 29920 (-3.25%), SMALLCAP 10771 (-2.89)
Advance-Decline: 403 / 1617
VIEW: Bearish till below 17198 (20 Week SMA).
BANKNIFTY SPOT: 36025.50 (-3.58%)
DYNAMIC PARAMETER: Index closed below 20 Week SMA .
TRADING ZONE:
Resistance: 36455 (Intraday Resistance) / 36868 (Day High)
Support: 35700 (200 Day SMA) / 35000 (Key Support)
VIEW: Bearish till below 37159 (20 Week SMA).
Technical Snapshot
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