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NIFTY faces resistance at 16400 marks

NIFTY SPOT: 16240.3 (-0.12%)

TRADING ZONE: Resistance: 16404 (Last Week High) / 16651 (Gap Resistance)

Support: 16211 (Day Low) / 16080 (Hourly Support)

BROADER MARKET: Mixed

MIDCAP 150: 10538.2 (-0.12%), SMALLCAP 250: 8667.2 (0.34%)

Advance-Decline: 1151 / 920

VIEW: Bearish till below 16651 (Gap Resistance)

BANKNIFTY SPOT: 34163.7 (-0.4%)

TRADING ZONE: Resistance: 34793 (Last Week High)/ 35133 (Gap Resistance)

Support: 34000 (Key Support) / 33680 (2 Day Low)

VIEW: Bearish till below 35133 (Gap Resistance)

Technical Snapshot

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