NIFTY forms Engulfing Bearish candle pattern on the daily charts - GEPL Capital
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/03/8cc8b3700a9b9f75b9591fbf67a0d9f5.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Key Highlights:
NIFTY forms Engulfing Bearish candle pattern on the daily charts.…
NIFTY SPOT: 17117.6 (-0.98%)
TRADING ZONE:
Resistance: 17245 (50 Day SMA) / 17370 (100 Day SMA)
Support: 17005 (200 Day SMA) / 16837 (3 Day Low)
BROADER MARKET: OUTPERFORMED
MIDCAP 150: 10857 (-0.12%), SMALLCAP 250: 9301.5 (0.26%)
Advance-Decline: 877 / 1217
VIEW: Bullish till above 17005 (200 Day SMA).
BANKNIFTY SPOT: 36018.5 (-1.13%)
TRADING ZONE:
Resistance: 36699 (200 Day SMA)/ 37152 (100 Day SMA)
Support: 35806 (Gap Support) / 35501 (20 Day SMA)
VIEW: Bullish above 36699 (200 Day SMA)
Technical Snapshot
To Read Complete Report & Disclaimer Click Here
SEBI Registration number is INH000000081.
Please refer disclaimer at https://geplcapital.com/term-disclaimer
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/FMCG4.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Finance_Sinduja.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nayka22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Real estate sector_498.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/BCPL Railway Infrastructure.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nazara Tech.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Cotton Report.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/solar8.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indian Railways_54.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Spices Outlook.jpg)