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Published on 7/12/2018 9:44:47 AM | Source: GEPL Capital Ltd

Uncertainty to rule roost, as participants look to political cues - GEPL

Posted in Market Outlook| #GEPLCapital Ltd #Market Outlook

 

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Key Highlights:

NIFTY loses by double century further as RISK-OFF sets on the global scene. Uncertainty to rule roost, as participants look to political cues….

* NIFTY DEC FUT - CMP : 10619.80 (-1.92%)

* FORMATION : Big Bearish Candlestick Pattern

* DYNAMIC PARAMETER : Breached 20 DMA @ 10697

* SUPPORT ZONE : 10490 / 10440 (Recent Swing Low)

* RESISTANCE ZONE : 10700 / 10770 (Gap up of 29th Nov 2018)

* BROADER MARKETS :

    * MIDCAP (-1.62%), SMALLCAP (-1.74%)

    * Advance-Decline : 412 / 1321

* VIEW : NIFTY Moderately Bearish till below 10700

* BANKNIFTY DEC FUT - CMP : 26288.25 (-1.33%)

* FORMATION : Bearish Candlestick Pattern

* DYNAMIC PARAMETER : Support taken around 20 DMA (26302)

* SUPPORT ZONE : 26200 / 25950 (Recent Swing Low)

* RESISTANCE ZONE : 26570 / 26750

* VIEW : BANKNIFTY Moderately Bearish till below 26570

 

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