NIFTY faces resistance at higher levels, however it sustains above 20 Day SMA - GEPL Capital
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Key Highlights
NIFTY faces resistance at higher levels, however it sustains above 20 Day SMA….
NIFTY SPOT: 17646 (-0.99%)
DYNAMIC PARAMETER: NIFTY form Engulfing Bearish candle pattern.
TRADING ZONE: Resistance: 17780 (Intraday Resistance) / 17884 (Day High)
Support: 17600 (20 Day SMA) / 17452 (Swing Low)
BROADER MARKET: Inline, MIDCAP 30728 (-0.91%), SMALLCAP 11033 (-0.83%)
Advance-Decline: 693 / 1294
VIEW: Bullish till above 17452 (Swing Low)
BANKNIFTY SPOT: 37521.55 (-0.58%)
DYNAMIC PARAMETER: Index sustained above 20 Day SMA
TRADING ZONE:
Resistance: 37768 (Intraday Resistance ) / 38107 (Day High)
Support: 37357 (20 Day SMA) / 36876 (Swing Low)
VIEW: Bullish till above 36876 (Swing Low).
Technical Snapshot
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