02-08-2022 09:21 AM | Source: GEPL Capital
NIFTY closes below 50 Day SMA (17442) - GEPL Capital
News By Tags | #57 #879

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Key Highlights

NIFTY closes below 50 Day SMA (17442)

NIFTY SPOT: 17213.60 (-1.73%)

TRADING ZONE:

Resistance: 17442 (50 Day SMA) / 17536 (Day High)

Support: 17119 (Day Low) / 17000 (Key Support)

BROADER MARKET: UNDERPERFORMED

MIDCAP 30129 (-1.03%), SMALLCAP 11047 (-1.34%)

Advance-Decline: 704 / 1372

VIEW: Bearish till below 17442 (50 Day SMA).

 

BANKNIFTY SPOT: 37995.45 (-2.05%)

TRADING ZONE:

Resistance: 38209 (20 Day SMA)/ 38837 (Day High)

Support: 37675 (20 Week SMA) / 37000 (Key Support)

VIEW: Bearish below 37675 (20 Week SMA)

 

Technical Snapshot

 

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