NIFTY faces strong resistance at 200 Day SMA (16981) - GEPL Capital
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Key Highlights:
NIFTY faces strong resistance at 200 Day SMA (16981).…
NIFTY SPOT: 16663 (-1.23%)
TRADING ZONE:
Resistance: 16732 (Intraday Resistance) / 16927 (Day High)
Support: 16555 (Day Low) / 16447 (4 Day Low)
BROADER MARKET: OUTPERFORMED
MIDCAP 150: 10534.25 (-0.8%), SMALLCAP 250: 9067.95 (-0.83%)
Advance-Decline: 608 / 1462
VIEW: Bearish till below 16981 (200 Day SMA).
BANKNIFTY SPOT: 35022.65 (-0.82%)
TRADING ZONE:
Resistance: 35435 (Intraday Resistance)/ 35775 (20 Day SMA)
Support: 34706 (Day Low) / 34094 (4 Day Low)
VIEW: Bearish till below 36688 (200 Day SMA)
Technical Snapshot
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