NIFTY forms Piercing Line candle pattern - GEPL Capital
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Key Highlights:
NIFTY forms Piercing Line candle pattern
NIFTY SPOT: 17277.95 (0.75%)
TRADING ZONE: Resistance: 17469 (50 Day SMA) / 17642 (100 Day SMA)
Support: 17000 (Key Support) / 16836 (Day Low)
BROADER MARKET: OUTPERFORMED, MIDCAP 29676 (1%),
SMALLCAP 10969 (0.90%) Advance-Decline: 1330 / 728
VIEW: Bearish till below 17781 (20 Day SMA).
BANKNIFTY SPOT: 37706.75 (2.05%)
Resistance: 38000 (Key Resistance)/ 38330 (5 Day High)
Support: 37434 (20 Day SMA) / 36799 (50 Day SMA)
VIEW: Bearish till below 38330 (5 Day High)
Technical Snapshot
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