NIFTY closes below 50 Day SMA (17442) - GEPL Capital
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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