Nifty Spot View: 02/11/2023
CMP: 18989.15
Moving AVG (EMA) 20 Hour & 40 Hour: 19054 & 19105
Moving AVG (EMA) 20 Day & 40 Day: 19369 & 19472
Support & Downside Range: 18940--18837
Resistance & Upside Range: 19065—19095 zone, 19149—19235--19280
Short Term Trend Reversal Level: -- 19685
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Trading View: After last night FED outcome US market closed positive 3rd day in a raw and Asian market also trading positive, for our market key level to watch is 19065—19095 spot rest after opening if this rest mange to break and sustain above it then there is a chance that we may see more complexity in our market and we may once again moves upside towards 19235 to 19280 levels, whereas after opening if 19065-19095 manage to hold then we may again see downside selling pressure to start and we may again head lower towards 18837 and below levels so understand the importance of 19065—19095 rest and watch it on 15 to 30 mins sustain basis and act accordingly.
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