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Key Highlights

NIFTY unable to sustain above 100 Day SMA (17114)

NIFTY SPOT: 17053.95 (0.16%)

DYNAMIC PARAMETER: NIFTY formed Doji candle pattern.

TRADING ZONE: Resistance: 17160 (Day High) / 17355 (Gap Resistance)

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

BROADER MARKET: UNDERPERFORMED, MIDCAP 29515 (-1.52%), SMALLCAP 10490 (-1.35)

Advance-Decline: 445 / 1599

VIEW: Bearish till below 17600 (Swing High).

BANKNIFTY SPOT: 35976.45 (-0.14%)

DYNAMIC PARAMETER: Index sustained above 200 Day SMA .

TRADING ZONE:

Resistance: 36455 (Intraday Resistance) / 36868 (2 Day High)

Support: 35700 (200 Day SMA) / 35000 (Key Support)

VIEW: Bearish till below 37170 (20 Week SMA).

Technical Snapshot

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