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NIFTY snaps 3 Day losing streak

NIFTY SPOT: 16170.15 (0.9%)

TRADING ZONE:

Resistance: 16223 (Previous Day High) / 16400 (Multiple touch

Support: 16090 (20 Hourly SMA) / 15903 (Day Low)

BROADER MARKET: OUTPERFORMED

MIDCAP 150: 10238.75 (1.19%), SMALLCAP 250: 8311.8 (0.95%)

Advance-Decline: 1202 / 866

VIEW: Bearish till below 16651 (Gap Resistance)

BANKNIFTY SPOT: 35094.9 (2.2%)

TRADING ZONE:

Resistance: 35222 (Day High)/ 35700 (Multiple touch Points)

Support: 34800 (Multiple touch Points) / 34574 (20 Day SMA)

VIEW: Bullish till above 34800 (Breakout level)

Technical Snapshot

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