NIFTY faces strong resistance at 16400 marks - GEPL Capital
Key Highlights:
NIFTY faces strong resistance at 16400 marks….
NIFTY SPOT: 16240.05 (-0.38%)
TRADING ZONE: Resistance: 16404 (Day High) / 16651 (Gap Resistance) Support: 16142 (3 Day Low) / 16000 (Key Support)
BROADER MARKET: UNDERPERFORMED MIDCAP 150: 10353.8 (-1.83%), SMALLCAP 250: 8569.1 (-2.06%) Advance-Decline: 407/ 1686
VIEW: Bearish till below 17248(200 Day SMA)
BANKNIFTY SPOT: 34482.65 (0.6%)
TRADING ZONE: Resistance: 34798 (3 Day High)/ 35133 (Gap Resistance)
Support: 33927 (3 Day Low) / 33500 (Key Support)
VIEW: Bearish till below 36901 (200 Day SMA)
Technical Snapshot
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