NIFTY forms Dark Cloud Cover candle pattern on weekly charts - GEPL Capital
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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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