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NIFTY rebounds, breaks 4-Day losing streak

NIFTY SPOT: 16478.1 (0.74%)

TRADING ZONE:

Resistance: 16514 (Previous Day High) / 16695 (Multiple touch)

Support: 16400 (Multiple touch Points) / 16294 (20 Day SMA)

BROADER MARKET: UNDERPERFORMED

MIDCAP 150: 10455.1 (0.41%), SMALLCAP 250: 8582.15 (0.05%)

Advance--Decline: 1115 / 945

VIEW: Bullish till above 16294 (20 Day SMA)

BANKNIFTY SPOT: 35085.45 (0.4%)

TRADING ZONE:

Resistance: 35290 (Key Resistance)/ 35450 (Previous Day High)

Support: 34975 (20 Hourly SMA) / 34726 (20 Day SMA)

VIEW: Bullish till above 34726 (20 Day SMA)

Technical Snapshot

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