Nifty forms Higher Top Higher Bottom formation - GEPL Capital
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Key Highlights:
NIFTY forms Higher Top Higher Bottom formation.…
NIFTY SPOT: 16345.35 (2.07%)
TRADING ZONE:
Resistance: 16456 (4 Day High) / 16665 (Key Resistance)
Support: 16190 (Key Support) / 15990 (Day Low)
BROADER MARKET: OUTPERFORMED
MIDCAP 150: 10439.35 (2.03%), SMALLCAP 250: 8899.85 (2.1%)
Advance-Decline: 1717 / 358
VIEW: Bounce expected till above 15990 (Day Low).
BANKNIFTY SPOT: 33815.45 (1.98%)
TRADING ZONE:
Resistance: 34400 (Hourly Resistance)/ 35097 (4 Day High)
Support: 33330 (Hourly Support) / 32948 (Day Low)
VIEW: Bearish till below 36688 (200 Day SMA)
Technical Snapshot
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