NIFTY faces strong resistance @ 20 Day SMA - GEPL Capital
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Key Highlights
NIFTY faces strong resistance @ 20 Day SMA
NIFTY SPOT: 17898.65 (-0.56%)
DYNAMIC PARAMETER: NIFTY maintained Lower Top Lower Bottom pattern.
TRADING ZONE: Resistance: 18019 (20 Day SMA) / 18210 (5 Day High)
Support: 17842 (50 Day SMA) / 17798 (Swing Low)
BROADER MARKET: MIXED, MIDCAP 31729 (-0.67%), SMALLCAP 11219 (0.13)
Advance-Decline: 777 / 1213 VIEW: Bearish till below 18019 (20 Day SMA).
BANKNIFTY SPOT: 38041.55 (-0.69%)
DYNAMIC PARAMETER: Index closed below 50 Day SMA .
TRADING ZONE:
Resistance: 38408 (50 Day SMA) / 38725 (2 Day High)
Support: 37980 (Day Low) / 37500 (Key Support)
VIEW: Bearish till below 38408 (50 Day SMA).
Technical Snapshot
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