NIFTY tests the 20 Week SMA - GEPL Capital
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Key Highlights:
NIFTY tests the 20 Week SMA
NIFTY SPOT: 17757 (-1.01%)
TRADING ZONE: Resistance: 17884 (Previous session low) / 18000 (Key resistance)
Support: 17648 (Day Low) / 17495 (Multiple touch point level)
BROADER MARKET: OUTPERFORMED, MIDCAP 31312.05 (- 0.16%), SMALLCAP 11683.65 (-0.05%) Advance-Decline: 1045 / 1005
VIEW: Bearish till below 18000 (Key resistance level).
BANKNIFTY SPOT: 37850.85 (-0.50%)
Resistance: 38167 (Day High)/ 38330 (Previous session high)
Support: 37591 (Day Low) / 37300 (Multiple touch point level)
VIEW: Bullish above 37540 (100 Day SMA)
Technical Snapshot
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