NIFTY unable to sustain above 100 Day SMA - GEPL Capital
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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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