NIFTY faces strong resistance at 20 Day SMA - GEPL Capital
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Key Highlights
NIFTY faces strong resistance at 20 Day SMA….
NIFTY SPOT: 18044.25 (0.85%)
DYNAMIC PARAMETER: NIFTY formed Doji candle pattern.
TRADING ZONE: Resistance: 18085 (20 Day SMA) / 18190 (Key Resistance)
Support: 17983 (Day Low) / 17836 (2 Day Low)
BROADER MARKET: OUTPERFORMED, MIDCAP 32186 (1.16%), SMALLCAP 11213 (0.49)
Advance-Decline: 1185 / 785
VIEW: Bullish above 18085 (20 Day SMA).
BANKNIFTY SPOT: 39368.80 (-0.18%)
DYNAMIC PARAMETER: Index sustained below 20 Day SMA.
TRADING ZONE:
Resistance: 39665 (20 Day SMA) / 40160 (Swing High)
Support: 39223 (Day Low) / 38932 (3 Day Low)
VIEW: Bullish above 40160 (Swing High).
Technical Snapshot
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