NIFTY unable to sustain above 100 Day SMA (17114) - GEPL Capital
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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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