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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