Nifty Bearish below 16979 (Day Low) - GEPL Capital
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Key Highlights:
Nifty sustains above 200 Day SMA (16990)
NIFTY SPOT: 17016.3 (-1.8%)
TRADING ZONE:
Resistance:17195 (Day High) / 17327 (Gap Resistance)
Support:16979 (Day Low) / 16800 (Key Support)
BROADER MARKET: UNDERPERFORMED
MIDCAP 150: 11461.7 (-2.96%), SMALLCAP 250: 9001 (-3.34%)
VIEW: Bearish below 16979 (Day Low)
BANKNIFTY SPOT: 38616.25 (-2.35%)
TRADING ZONE:
Resistance: 39000 (Key Resistance) / 39215 (Day High)
Support: 38493 (Day Low) / 38000 (Key Support)
VIEW: Bearish till below 39412 (Gap Resistance)
Technical Snapshot
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