NIFTY maintained Lower Top Lower Bottom pattern - GEPL Capital
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Key Highlights
NIFTY closes at 2 month’s low….
NIFTY SPOT: 17416.55 (-1.96%)
DYNAMIC PARAMETER: NIFTY maintained Lower Top Lower Bottom pattern.
TRADING ZONE: Resistance: 17510 (Intraday Resistance) / 17645 (Intraday Resistance)
Support: 17280 (Day Low) / 17217 (20 Week SMA)
BROADER MARKET: UNDERPERFORMED, MIDCAP 30331 (-3.01%), SMALLCAP 10734 (-2.74)
Advance-Decline: 346 / 1698
VIEW: Bearish till below 17851 (50 Day SMA).
BANKNIFTY SPOT: 37128.80 (-2.23%)
DYNAMIC PARAMETER: Index closed below 20 Week SMA .
TRADING ZONE: Resistance: 37215 (20 Week SMA) / 37715 (Intraday Resistance)
Support: 37000 (Key Support) / 36655 (Day Low)
VIEW: Bearish till below 38449 (50 Day SMA).
Technical Snapshot
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