01-01-1970 12:00 AM | Source: GEPL Capital
NIFTY forms Dark Cloud Cover candle pattern on weekly charts - GEPL Capital
News By Tags | #57 #879

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Key Highlights

NIFTY forms Dark Cloud Cover candle pattern on weekly charts

NIFTY SPOT: 18114.90 (-0.35%)

DYNAMIC PARAMETER: NIFTY maintained Lower Top Lower Bottom pattern.

TRADING ZONE: Resistance: 18314 (Day High) / 18458 (3 Day High)

Support: 17952 (20 Day SMA) / 17839 (2 Week Low)

BROADER MARKET: UNDERPERFORMED, MIDCAP 31082 (-0.87%), SMALLCAP 10973 (-1.25)

Advance-Decline: 715 / 1252

VIEW: Bearish below 17952 (20 Day SMA).

 

BANKNIFTY SPOT: 40323.65 (0.73%)

DYNAMIC PARAMETER: Index formed fresh Life Time Highs.

TRADING ZONE:

Resistance: 40587 (Day High) / 40900 (Key Resistance)

Support: 40149 (Day Low) / 39600 (Key Support)

VIEW: Bullish till above 39292 (Week Low).

 

Technical Snapshot

 

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