NIFTY faces strong resistance at 16400 mark for the 3rd time - GEPL Capital
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NIFTY faces strong resistance at 16400 mark for the 3rd time
NIFTY SPOT: 16214.7 (-0.32%)
Resistance: 16404 (2 Week High) / 16651 (Gap Resistance)
Support: 16000 (Gap Support) / 15800 (Key Support)
BROADER MARKET: UNDERPERFORMED
MIDCAP 150: 10418.75 (-0.4%), SMALLCAP 250: 8594.1 (-0.7%)
Advance-Decline: 792 / 1297
VIEW: Bearish till below 16651 (Gap Resistance)
BANKNIFTY SPOT: 34247.6 (-0.08%)
TRADING ZONE:
Resistance: 34820 (Day High)/ 35133 (Gap Resistance)
Support: 33940 (Hourly Support) / 33007 (Swing Low)
VIEW: Bearish till below 35133 (Gap Resistance)
Technical Snapshot
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