05-11-2022 09:19 AM | Source: GEPL Capital
NIFTY faces strong resistance at 16400 marks - GEPL Capital
News By Tags | #57 #879

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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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