NIFTY manages to close above 16200 marks on the weekly charts - GEPL Capital
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Key Highlights:
NIFTY manages to close above 16200 marks on the weekly charts
NIFTY SPOT: 16266.15 (2.89%)
TRADING ZONE: Resistance: 16404 (2 Week High) / 16651 (Gap Resistance)
Support: 16000 (Gap Support) / 15800 (Key Support)
BROADER MARKET: UNDERPERFORMED
MIDCAP 150: 10460.55 (2.04%), SMALLCAP 250: 8654.55 (2.14%)
Advance-Decline: 1699 / 370
VIEW: Bearish till below 16651 (Gap Resistance)
BANKNIFTY SPOT: 34276.4 (2.88%)
TRADING ZONE: Resistance: 34793 (2 Week High)/ 35133 (Gap Resistance)
Support: 33940 (Hourly Support) / 33007 (Swing Low)
VIEW: Bearish till below 35133 (Gap Resistance)
Technical Snapshot
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