The NIFTY moves lower towards the 200 Day SMA - GEPL Capital
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Key Highlights
The NIFTY moves lower towards the 200 Day SMA
NIFTY SPOT: 16614.20 (-2.18%)
TRADING ZONE: Resistance: 16840 (Daily High) / 17000 (Key resistance level)
Support: 16840 (Daily low) / 16252 (200 Day SMA)
BROADER MARKET: UNDERPERFORMED, MIDCAP 28838.20 (— 3.68%), SMALLCAP 10411.70 (-4.04)
Advance-Decline: 238/1837
VIEW: Bearish till below 17600 (Key resistance level)
BANKNIFTY SPOT: 34439.85 (-3.31%)
DYNAMIC PARAMETER: Index trading below the 200 Day SMA
TRADING ZONE:
Resistance: 35231 (Daily high) / 35723 (200 Day SMA)
Support: 34018 (Daily Low) / 33400 (Multiple touch point level)
VIEW: Bearish till below 37892 (Swing High).
Technical Snapshot
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