Nifty Spot View: 24/05/2023
CMP: 18348
Moving AVG (EMA) 20 Hour & 40 Hour: 18318 & 18287
Moving AVG (EMA) 20 Day & 40 Day: 18135 & 17955
Support & Downside Range: 18283—18240--18199
Resistance & Upside Range: 18420—18457--18520
Short Term Trend Reversal Level: -- 18060.40
Check our Nifty option tips and be on the right side of the market always and every time. We provide nifty tips in the afternoon session with high accuracy as the same is based on analysis of data.
Trading View: In today's trading session ahead of global weakness key support level to watch is 18283 spot levels after opening if bulls unable to hold this levels then we may fall downside till minimum 18240 and max 18199 spot levels this support zone 18240—18199 acts as buying zone by keeping Pattern Negation level (stop-loss) 18060 whereas upside 18420 which is yesterday's high acts as immediate hurdle break above we may see new impulsive rally to get extend. #Note: Bias is buy on dips position sizing small to medium
