NIFTY respects important support level of 16000 marks - GEPL Capital
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Key Highlights:
NIFTY respects important support level of 16000 marks….
NIFTY SPOT: 16167.1 (-0.45%)
TRADING ZONE: Resistance: 16318 (Day High) / 16484 (Gap Resistance) Support: 15992 (Day Low) / 15800 (Key Support)
BROADER MARKET:UNDERPERFORMED
MIDCAP 150: 10283.1 (-0.68%), SMALLCAP 250: 8340.65 (-2.67%) Advance-Decline: 452/ 1633
VIEW: Bearish till below 17250 (200 Day SMA)
BANKNIFTY SPOT: 34693.15 (0.61%)
TRADING ZONE: Resistance: 35133 (Gap Resistance)/ 35500 (Key Resistance) Support: 33927 (3 Day Low) / 33500 (Key Support)
VIEW: Bearish till below 36898 (200 Day SMA)
Technical Snapshot
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