NIFTY closes below its 20 Week SMA (17645) on the weekly charts - GEPL Capital
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Key Highlights:
NIFTY closes below its 20 Week SMA (17645) on the weekly charts….
NIFTY SPOT: 17617.15 (-0.79%)
TRADING ZONE: Resistance: 17776 (20 Day SMA) / 17943 (2 Day High)
Support: 17485 (Day Low) / 17383 (3 Week Low)
BROADER MARKET: OUTPERFORMED, MIDCAP 31312.05 (-0.16%),
SMALLCAP 11683.65 (-0.05%) Advance-Decline: 1045 / 1005
VIEW: Bearish till below 17776 (20 Day SMA).
BANKNIFTY SPOT: 37574.30 (-0.73%)
Resistance: 37741 (Day High)/ 38170 (Key Resistance)
Support: 37213 (20 Day SMA) / 36854 (50 Day SMA)
VIEW: Bearish below 37213 (20 Day SMA)
Technical Snapshot
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