The Nifty sustains below 20 Day SMA

20/12/2022 9:44:50 AM | Source: GEPL Capital Ltd

The Nifty sustains below 20 Day SMA - GEPL Capital

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Key Highlights:

The NIFTY sustains below 20 Day SMA (18542)….

NIFTY SPOT: 18420.45 (0.83%)

TRADING ZONE:

Resistance: 18542 (20 Day SMA) / 18670 (Key Resistance)

Support: 18320 (Key Support) / 18244 (Day Low).

BROADER MARKET: UNDERPERFORMED

MIDCAP 150: 12118.95 (0.48%), SMALLCAP 250: 9761.45 (0.3%)

VIEW: Bearish till below 18542 (20 Day SMA)

BANKNIFTY SPOT: 43413.75 (0.45%)

TRADING ZONE:

Resistance: 43598 (2 Day High) / 44800 (Key Resistance)

Support:43277 (20 Day SMA) / 42948 (3 Week Low)

VIEW: Bearish below 42948 (3 Week Low)

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The Nifty sustains below 20 Day SMA - GEPL Capital

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