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Key Highlights

NIFTY closes below the 17000 mark….

NIFTY SPOT: 16983.20 (-0.41%)

DYNAMIC PARAMETER: NIFTY unable to sustain above 100 Day SMA.

TRADING ZONE: Resistance: 17119 (100 Day SMA) / 17355 (Gap Resistance)

Support: 16900 (Key Support) / 16722 (Gap Support)

BROADER MARKET: OUTPERFORMED, MIDCAP 29650 (0.46%), SMALLCAP 10660 (1.63)

Advance-Decline: 1092 / 910

VIEW: Bearish till below 17600 (Swing High).

BANKNIFTY SPOT: 35695.30 (-0.78%)

DYNAMIC PARAMETER: Index closed just below 200 Day SMA .

TRADING ZONE:

Resistance: 36455 (Intraday Resistance) / 36868 (3 Day High)

Support: 35526 (Day Low) / 35000 (Key Support)

VIEW: Bearish till below 37156 (20 Week SMA).

Technical Snapshot

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