NIFTY faces heavy pressure at higher levels - GEPL Capital
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Key Highlights
NIFTY faces heavy pressure at higher levels….
NIFTY SPOT: 17396.90 (-1.07%)
DYNAMIC PARAMETER: NIFTY formed Lower Top Lower Bottom pattern.
TRADING ZONE: Resistance: 17622 (Day High) / 17792 (All Time High)
Support: 17254 (Swing Low) / 17055 (Key Support)
BROADER MARKET: UNDERPERFORMED, MIDCAP 29254 (-2.16%),
SMALLCAP 10602 (-1.73%) Advance-Decline: 432 / 1569
VIEW: Bearish below 17254 (Swing Low).
BANKNIFTY SPOT: 37145.70 (-1.76%)
DYNAMIC PARAMETER: Index formed Lower Top Lower Bottom pattern
TRADING ZONE:
Resistance: 37802 (Day High) / 38112 (Life Time High)
Support: 36907 (3 Day Low) / 36151 (Swing Low)
VIEW: Bullish till above 36151 (Swing Low).
Technical Snapshot
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