Nifty Spot View: 21/08/2023
CMP: 19310.15
Moving AVG (EMA) 20 Hour & 40 Hour: 19341 & 19384
Moving AVG (EMA) 20 Day & 40 Day: 19492 & 19359
Support & Downside Range: 19253—19220—19100—19070--19025
Resistance & Upside Range: 19390—19415 zone, 19482.75
Short Term Trend Reversal Level: -- 19650
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Trading View: In today's trading session key support to watch is 19253—19220 spot zone as long as this support zone holding we have a chance of getting short covering move from oversold zone whereas if we break 19220 then we have to assume that ongoing correction is not yet done and we can fall ore downside till minimum 19100—19070 spot levels to 19025 spot level, upside 19390—19415 spot acts as immediate rest zone break above bulls will get some stability and to get bottom confirmation nifty must need a close above 19482.75 till below 19482.75 its tough to say bottom is placed.
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