NIFTY forms Spinning top on daily charts - GEPL Capital
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Key Highlights:
NIFTY forms Spinning top on daily charts
NIFTY SPOT: 16953.95 (-1.27%)
TRADING ZONE:
Resistance: 17054 (Day High) / 17200 (200 Day SMA)
Support: 16824 (Previous Week Low) / 16700 (Multiple touch Points)
BROADER MARKET: UNDERPERFORMED
MIDCAP 150: 11146.25 (-1.81%), SMALLCAP 250: 9526.05 (-2%)
Advance-Decline: 459/ 1650
VIEW: Bullish above 17054 (Day High).
BANKNIFTY SPOT: 36082.35 (0.1%)
TRADING ZONE:
Resistance: 36270 (Day High)/ 36578 (Previous Day High)
Support: 35880 (Hourly Low) / 35550 (Key Support)
VIEW: Bearish till below 36895 (200 Day SMA)
Technical Snapshot
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