The NIFTY hovers around the 20 Day SMA - GEPL Capital
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Key Highlights
The NIFTY hovers around the 20 Day SMA
NIFTY SPOT: 17221.40 (-0.60%)
DYNAMIC PARAMETER: NIFTY formed a bearish engulfing pattern.
TRADING ZONE: Resistance: 17271 (100 Day SMA) / 17343 (20 Day SMA)
Support: 17150 (Multiple touch point level) / 17050 (Key support level)
BROADER MARKET: OUTPERFORMED, MIDCAP 30888.55 (-0.58%), SMALLCAP 11219.20 (-0.39)
Advance-Decline: 8488/ 1231
VIEW: Bearish till below 17640 (5 Day High).
BANKNIFTY SPOT: 36789 (-0.28%)
DYNAMIC PARAMETER: Index closed near 20 Day SMA (36897).
TRADING ZONE:
Resistance: 37083 (Daily high) / 37280 (100 Day High)
Support: 36545 (previous session Low) / 36366 (Multiple touch point level)
VIEW: Bearish till below 37892 (Swing High).
Technical Snapshot
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