NIFTY sustains above its 20 Week SMA (17342) - GEPL Capital
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Key Highlights
NIFTY sustains above its 20 Week SMA (17342)….
NIFTY SPOT: 17469.75 (1.71%)
DYNAMIC PARAMETER: NIFTY maintained Higher Top Higher Bottom pattern.
TRADING ZONE: Resistance: 17501 (20 Day SMA) / 17600 (Swing High)
Support: 17308 (Day Low) / 17251 (Gap Support)
BROADER MARKET: Inline, MIDCAP 30769 (1.61%), SMALLCAP 11024 (1.83)
Advance-Decline: 1512 / 517
VIEW: Bearish till below 17600 (Swing High).
BANKNIFTY SPOT: 37284.70 (1.82%)
DYNAMIC PARAMETER: Index closed above 20 Day SMA.
TRADING ZONE:
Resistance: 37385 (Day High) / 37892 (Swing High)
Support: 37247 (20 Day SMA) / 36820 (Gap Support)
VIEW: Bearish till below 37892 (Swing High).
Technical Snapshot
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