#Nifty Spot View: 07/06/2023
CMP: 18599
Moving AVG (EMA) 20 Hour & 40 Hour: 18576 & 18557
Moving AVG (EMA) 20 Day & 40 Day: 18385 & 18178
Support & Downside Range: 18531.60---18495.55--18419
Resistance & Upside Range: 18640—18663 zone, 18720--18755
Short Term Trend Reversal Level: -- 18419--18359
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Trading View: Ahead of Tomorrow's RBI Policy and Weekly expiry in today's trading session key support to watch is 18531.60 spot which is yesterday's low as long as this holds bias remains bullish, only break below 18531.60 intraday bias goes sideways whereas upside 18640—18663 acts as immediate intraday resistance if bulls are furious today than they should not give a daily close below 18568 spot and minimum today's close should come at or between 18640 to 18663 and maximum close should remain at or above 18720 spot levels.
