NIFTY respects 20 Day SMA, however once again it has formed Higher Top Higher Bottom formation - GEPL Capital
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Key Highlights
NIFTY respects 20 Day SMA, however once again it has formed Higher Top Higher Bottom formation
NIFTY SPOT: 18268.40 (0.79%)
DYNAMIC PARAMETER: NIFTY closed above 18250 mark.
TRADING ZONE: Resistance: 18314 (3 Day High) / 18458 (Key Resistance)
Support: 18099 (Day Low) / 17987 (20 Day SMA)
BROADER MARKET: OUTPERFORMED, MIDCAP 31102 (1.74%), SMALLCAP 10991 (2.52)
Advance-Decline: 1526 / 453
VIEW: Bullish till above 17987 (20 Day SMA).
BANKNIFTY SPOT: 41256.15 (0.15%)
DYNAMIC PARAMETER: Index formed Doji candle pattern.
TRADING ZONE:
Resistance: 41830 (Record High) / 42200 (Key Resistance)
Support: 40829 (Day Low) / 40508 (2 Day Low)
VIEW: Bullish till above 39292 (2 Week Low).
Technical Snapshot
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