NIFTY consistently facing resistance at 50 Day SMA (17465) - GEPL Capital
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Key Highlights:
NIFTY consistently facing resistance at 50 Day SMA (17465)….
NIFTY SPOT: 17304.60 (-0.10%)
TRADING ZONE:
Resistance: 17490 (3 Day High) / 17639 (Swing High)
Support: 17235 (Day Low) / 17000 (Key Support)
BROADER MARKET: MIXED
MIDCAP 29201 (-0.30%), SMALLCAP 10441 (-1.04%)
Advance-Decline: 709 / 1334
VIEW: Bearish till below 17639 (Swing High).
BANKNIFTY SPOT: 37531.65 (-1.11%)
TRADING ZONE:
Resistance: 38124 (Day High)/ 38461 (3 Day High)
Support: 37240 (50 Day SMA) / 37000 (Key Support)
VIEW: Bearish till below 38461 (3 Day High)
Technical Snapshot
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