Nifty Bearish below 16943 (Day Low) - GEPL Capital
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Key Highlights:
Nifty manages to sustain above 200 Day SMA (16992)
NIFTY SPOT: 17007.4 (-0.05%)
TRADING ZONE:
Resistance:17195 (2 Day High) / 17327 (Gap Resistance)
Support:16943 (Day Low) / 16800 (Key Support)
BROADER MARKET: OUTPERFORMED
MIDCAP 150: 11469.75 (0.07%), SMALLCAP 250: 9048.95 (0.53%)
VIEW: Bearish below 16943 (Day Low)
BANKNIFTY SPOT: 38359.15 (-0.67%)
TRADING ZONE:
Resistance: 39048 (Day High) / 39412 (Gap Resistance)
Support: 38185 (Day Low) / 37943 (Swing Low)
VIEW: Bearish till below 39412 (Gap Resistance)
Technical Snapshot
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