Does Finnifty provide New Opportunity?

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FINNIFTY View For: 16/06/2023
CMP: 19228.65
Moving AVG (EMA) 20 Hour & 40 Hour: 19362 & 19400
Moving AVG (EMA) 20 Day & 40 Day: 19375 & 19217
Support & Downside Range: 19217—19118--18995
Resistance & Upside Range:  19530--19620—19640

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Short Term Trend Reversal Level: -- 19640
Trading View: In yesterday's trading session we saw good selling pressure in Fin nifty and it almost closed at 40 Day EMA level which is 19217 in today's trading session 19217 act as good support if this get break and sustain below it for 15 mins then we may see selling pressure to continue till 19118 minimum and max 18995 spot levels whereas if 19217 manage to hold then we may see some bounce back too cool off oversold short timeframe till 19362 to 19400 spot levels.

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