NIFTY faces strong resistance at higher levels - GEPL Capital
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Key Highlights
NIFTY faces strong resistance at higher levels…..
NIFTY SPOT: 17748.60 (-0.60%) 3
DYNAMIC PARAMETER: NIFTY formed Lower Top Lower Bottom pattern.
TRADING ZONE: Resistance: 17947 (Life Time High) / 18000 (Key Resistance)
Support: 17576 (Daily low) / 17474 (20 Day SMA)
BROADER MARKET: Inline, MIDCAP 29951 (-0.67%),
SMALLCAP 10765 (-0.54%) Advance-Decline: 779 / 1180
VIEW: Bullish till above 17474 (20 Day SMA).
BANKNIFTY SPOT: 37945 (-0.59%)
DYNAMIC PARAMETER: Index formed Bearish candle pattern
TRADING ZONE:
Resistance: 38377 (Life Time High) / 38500 (Key Resistance)
Support: 37680 (Intraday Support) / 37315 (Day Low)
VIEW: Bullish till above 37078 (20 Day SMA).
Technical Snapshot
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