10-07-2021 09:33 AM | Source: GEPL Capital
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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