The NIFTY forms Engulfing Bearish candle pattern - GEPL Capital
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Key Highlights
The NIFTY forms Engulfing Bearish candle pattern….
NIFTY SPOT: 17368.25 (-0.82%)
DYNAMIC PARAMETER: NIFTY closed below 20 Day SMA (17421).
TRADING ZONE: Resistance: 17421 (20 Day SMA) / 17545 (Key Resistance)
Support: 17251 (Gap Support) / 16987 (5 Day Low)
BROADER MARKET: OUTPERFORMED, MIDCAP 31125 (-0.25%), SMALLCAP 11238 (-0.11)
Advance-Decline: 1007 / 1037
VIEW: Bearish till below 17640 (5 Day High).
BANKNIFTY SPOT: 36925.25 (-0.49%)
DYNAMIC PARAMETER: Index closed below 20 Day SMA (36988).
TRADING ZONE:
Resistance: 36988 (20Day SMA) / 37581 (5 Day High)
Support: 36820 (Gap Support) / 36500 (Key Support)
VIEW: Bullish above 37892 (Swing High)
Technical Snapshot
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