NIFTY closes below 200 Day SMA (16894) for the 1st time after July 2020 - GEPL Capital
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Key Highlights:
NIFTY closes below 200 Day SMA (16894) for the 1st time after July 2020….
NIFTY SPOT: 16247.95 (-4.78%)
TRADING ZONE:
Resistance: 16425 (Key Resistance) / 16705 (Day High)
Support: 16203 (Day Low) / 16000 (Key Support)
BROADER MARKET: UNDERPERFORMED
MIDCAP 26832 (-5.74%), SMALLCAP 9335 (-6.25%)
Advance-Decline: 167 / 1955
VIEW: Bearish till below 16894 (200 Day SMA).
BANKNIFTY SPOT: 35228.10 (-5.79%)
TRADING ZONE:
Resistance: 36000 (Key Support)/ 36634 (200 Day SMA)
Support: 34991 (Day Low) / 34500 (Key Support)
VIEW: Bearish till below 36634 (200 Day SMA)
Technical Snapshot
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