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6/12/2021 10:07:42 AM | Source: GEPL Capital
NIFTY forms Spinning Top candle pattern - GEPL Capital
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NIFTY forms Spinning Top candle pattern - GEPL Capital

Key Highlights

NIFTY forms Spinning Top candle pattern….

NIFTY SPOT: 17196.70 (-1.18%)

DYNAMIC PARAMETER: NIFTY sustained above 100 Day SMA.

TRADING ZONE: Resistance: 17350 (Key Resistance) / 17490 (Day High)

Support: 17168 (100 Day SMA) / 17000 (Key Support)

BROADER MARKET: OUTPERFORMED, MIDCAP 30293 (-0.01%), SMALLCAP 10827 (0.82)

Advance-Decline: 1074 / 924

VIEW: Bearish till below 17600 (Swing High).

 

BANKNIFTY SPOT: 36197.15 (-0.85%)

DYNAMIC PARAMETER: Index Doji candle pattern on weekly charts.

TRADING ZONE:

Resistance: 36844 (Day High) / 37182 (20 Week SMA)

Support: 36000 (Key Support) / 35713 (200 Day SMA)

VIEW: Bearish till below 37182 (20 Week SMA).

 

Technical Snapshot

 

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