NIFTY maintains Lower Top Lower Bottom formation on the weekly charts - GEPL Capital
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Key Highlights:
NIFTY maintains Lower Top Lower Bottom formation on the weekly charts….
NIFTY SPOT: 16411.25 (-1.63%)
TRADING ZONE:
Resistance:16651 (Gap Resistance) / 16824 (Key Resistance)
Support: 16335 (Key Support) / 16100 (Key Support)
BROADER MARKET: UNDERPERFORMED
MIDCAP 150: 10731.3 (-1.72%), SMALLCAP 250: 8919.45 (-2.27%)
Advance-Decline: 441/ 1648
VIEW: Bearish till below 17000 (Multiple Touch Points Level)
BANKNIFTY SPOT: 34591.2 (-1.82%)
TRADING ZONE:
Resistance: 35133 (Gap Resistance)/ 36085 (50 Day SMA)
Support: 34353 (Day Low) / 34000 (Key Support)
VIEW: Bearish till below 36915 (200 Day SMA)
Technical Snapshot
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