FINNIFTY View For: 23/11/2023
CMP: 19566.30
Moving AVG (EMA) 20 Hour & 40 Hour: 19560 & 19573
Moving AVG (EMA) 20 Day & 40 Day: 19566 & 19544
Support & Downside Range: 19470—19355--19200
Resistance & Upside Range: 19660—19715—19850--19930
Short Term Trend Reversal Level: -- 19470
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Trading View: In yesterday's trading session fin nifty took support dot at our support of 19470 and at the end gave nice recovery and as of now it has formed a double bottom near 19470 support which makes 19470 as strong support to watch out intraday basis, now in today's trading session as long as fin nifty remains above 19470 support its intraday bias remains sideways to bullish and it may try to move once again towards 19660 to 19715 minimum whereas fresh weakness and we may see if 19470 gets break and we may see proper sustain below it for 30 mins to 1hr and in that case fin nifty can fall till 19355 to 19200 levels so understand the importance of 19470 support and act accordingly.
