NIFTY forms Lower Top Lower Bottom formation on the weekly charts - GEPL Capital
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Key Highlights:
NIFTY forms Lower Top Lower Bottom formation on the weekly charts….
NIFTY SPOT: 17101.95 (-0.05%)
TRADING ZONE: Resistance: 17240 (Intraday High) / 17373 (Day High)
Support: 17000 (Key Support) / 16836 (5 Day Low)
BROADER MARKET: OUTPERFORMED, MIDCAP 29805 (+1.50%), SMALLCAP 10992 (+0.95%)
Advance-Decline: 1241 / 805
VIEW: Bearish till below 17771 (20 Day SMA).
BANKNIFTY SPOT: 37689.40 (-0.77%)
Resistance: 38000 (Intraday Resistance)/ 38421 (Day High)
Support: 37581 (Day Low) / 37012 (2 Day Low)
VIEW: Bullish above 38855 (5 Week High)
Technical Snapshot
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