NIFTY forms Spinning Top candle pattern near previous swing low - GEPL Capital
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Key Highlights:
NIFTY forms Spinning Top candle pattern near previous swing low…
NIFTY SPOT: 16242.35 (-1.53%)
TRADING ZONE:
Resistance: 16456 (Day High) / 16680 (Key Resistance)
Support: 16133 (Day Low) / 16000 (Key Support)
BROADER MARKET: UNDERPERFORMED
MIDCAP 27517 (-2.08%), SMALLCAP 9752 (-1.78%)
Advance-Decline: 553 / 1512
VIEW: Bearish till below 16937 (200 Day SMA).
BANKNIFTY SPOT: 34407.8.30 (-1.54%)
TRADING ZONE:
Resistance: 35097 (Day High)/ 35500 (Key Resistance)
Support: 34094 (Day Low) / 33600 (Key Support)
VIEW: Bearish till below 36697 (200 Day SMA)
Technical Snapshot
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