NIFTY formed Higher Top Higher Bottom pattern - GEPL Capital
Key Highlights
NIFTY closes above 20 Day SMA….
NIFTY SPOT: 18102.75 (1.28%)
DYNAMIC PARAMETER: NIFTY formed Higher Top Higher Bottom pattern.
TRADING ZONE: Resistance: 18190 (Key Resistance) / 18342 (3 Week High)
Support: 18079 (20 Day SMA) / 17905 (Day Low)
BROADER MARKET: UNDERPERFORED, MIDCAP 31925 (0.45%), SMALLCAP 1177 (0.29)
Advance-Decline: 943 / 1030
VIEW: Bullish till above 18079 (20 Day SMA).
BANKNIFTY SPOT: 38733.35 (0.45%)
DYNAMIC PARAMETER: Index formed Hammer candle pattern .
TRADING ZONE:
Resistance: 38930 (2 Day High) / 39223 (Gap Resistance)
Support: 38467 (Day Low) / 38310 (50 Day SMA)
VIEW: Bearish till below 39708 (20 Day SMA).
Technical Snapshot
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