NIFTY unable to sustain above 100 Day SMA (17196) - GEPL Capital
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Key Highlights
NIFTY unable to sustain above 100 Day SMA (17196)
NIFTY SPOT: 17176.70 (1.56%)
DYNAMIC PARAMETER: NIFTY formed Higher Top Higher Bottom pattern.
TRADING ZONE: Resistance: 17251 (Day High) / 17490 (5 Day High)
Support: 16987 (Day Low) / 16891 (5 Day Low)
BROADER MARKET: UNDERPERFORMED, MIDCAP 30282 (0.88%), SMALLCAP 10826 (1.09)
Advance-Decline: 1526 / 477
VIEW: Bearish till below 17490 (5 Day High).
BANKNIFTY SPOT: 36618.40 (2.47%)
DYNAMIC PARAMETER: Index formed Bull Sash candle pattern.
TRADING ZONE: Resistance: 36844 (5 Day High) / 37261 (20 Week SMA)
Support: 36340 (Intraday Support) / 36013 (Day Low)
VIEW: Bearish till below 37261 (20 Week SMA).
Technical Snapshot
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