Nifty Future Trading Strategy for Monday

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Nifty Spot View: 12/06/2023
CMP: 18563.40
Moving AVG (EMA) 20 Hour & 40 Hour: 18627 & 18621
Moving AVG (EMA) 20 Day & 40 Day: 18450 & 18242
Support & Downside Range: 18555—18531.60—18464.55
Resistance & Upside Range: 18627—18650--18695
Short Term Trend Reversal Level: -- 18531.60—18464.55

Make profit with our nifty option tips on a daily basis.

Trading View: If Bulls are alive then they must defend 18531.60 and after opening should immediate move towards 18650—18695 spot levels and try to give today's close in minimum condition at or above 18650 and max at or above 18695 spot levels whereas if we breach 18531.60 spot then we may see on going selling pressure gets extend and massive call writing shifts to 18600 call strikes from 18700 strikes, so understand the importance of 18531.60 spot levels here.

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