NIFTY closes just shade short of 18000 mark - GEPL Capital
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Key Highlights
NIFTY closes just shade short of 18000 mark
NIFTY SPOT: 17991.95 (0.26%)
DYNAMIC PARAMETER: NIFTY formed Inside Day candle pattern.
TRADING ZONE: Resistance: 18041 (Life Time High) / 18100 (Key Resistance)
Support: 17839 (2 Day Low) / 17708 (20 Day SMA)
BROADER MARKET: OUTPERFORMED, MIDCAP 31805 (0.55%), SMALLCAP 11528 (0.80)
Advance-Decline: 1025 / 947
VIEW: Bullish till above 17708 (20 Day SMA).
BANKNIFTY SPOT: 38521.50 (0.59%)
DYNAMIC PARAMETER: Index created Fresh Life Time Highs.
TRADING ZONE:
Resistance: 38609 (Life Time High) / 38900 (Key Resistance)
Support: 38144 (Day Low) / 37647 (20 Day SMA)
VIEW: Bullish till above 37647 (20 Day SMA).
Technical Snapshot
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View on Nifty 08 June 2022 By Kunal Shah, LKP Securities
