11-10-2021 09:53 AM | Source: GEPL Capital
NIFTY faces strong resistance at 20 Day SMA - GEPL Capital
News By Tags | #57 #879

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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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