NIFTY feels pressure at higher levels, however it manages to sustain above 17350 mark - GEPL Capital
Key Highlights
NIFTY feels pressure at higher levels, however it manages to sustain above 17350 mark….
NIFTY SPOT: 17353.50 (-0.05%)
DYNAMIC PARAMETER: NIFTY formed Doji candle pattern
TRADING ZONE: Resistance: 17436 (Life Time High) / 17500 (Key Resistance level)
Support: 17254 (Day Low) / 17212 (4 Day Low)
BROADER MARKET: OUTPERFORMED, MIDCAP 29255 (0.52%),
SMALLCAP 10619 (0.65%)
Advance-Decline: 1057 / 860
VIEW: Bullish till above 17055 (6 Day Low).
BANKNIFTY SPOT: 36768.20 (0.82%)
DYNAMIC PARAMETER: Index formed Higher Top Higher Bottom pattern.
TRADING ZONE:
Resistance: 36855 (Day High) / 37140 (Swing High)
Support: 36393 (Day Low) / 36044 (20 Day SMA)
VIEW: Bullish till above 36044 (20 Day SMA).
Technical Snapshot
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