NIFTY closes below previous week low, however it sustains above the 20 Day SMA (16251)…. - GEPL Capital
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NIFTY closes below previous week low, however it sustains above the 20 Day SMA (16251)….
NIFTY SPOT: 16416.35 (-0.92%)
TRADING ZONE:
Resistance: 16487 (Day High) / 16660 (Key Resistance)
Support: 16347 (Day Low) / 16251 (20 Day SMA)
BROADER MARKET: UNDERPERFORMED
MIDCAP 150: 10455.35 (-0.69%), SMALLCAP 250: 8592.5 (-0.56%)
Advance-Decline: 807 / 1287
VIEW: Bullish above 16251 (20 Day SMA)
BANKNIFTY SPOT: 34996 (-0.89%)
TRADING ZONE:
Resistance: 35424 (2 Day High)/ 35705 (50 Day SMA)
Support: 34635 (20 Day SMA) / 34115 (Key Support)
VIEW: Bullish till above 34635 (20 Day SMA)
Technical Snapshot
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