Nifty Spot View: 06/12/2023
CMP: 20855.10
Moving AVG (EMA) 20 Hour & 40 Hour: 20635 & 20428
Moving AVG (EMA) 20 Day & 40 Day: 19945 & 19753
Support & Downside Range: 20785—20730 zone, 20620---20558 zone, 20507
Resistance & Upside Range: 20960—21115--21345
Short Term Trend Reversal Level: -- 19768
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Trading View: In today's intraday trading session key level to watch is 20785—20730 support zone as long as nifty remains above this support zone nifty remains bullish even with over bought RSI and may try to move upside minimum 20960 to 21115 spot levels whereas after opening if nifty manage to break 20730 and sustain below it for 15 to 30 mins then immediate we may see cooling off downside move to start which may drag nifty towards intraday 20620 to 20558 minimum and max 20507 so understand the importance of 20785—20730 support and act accordingly.
