Nifty Spot View: 07/12/2023
CMP: 20937.70
Moving AVG (EMA) 20 Hour & 40 Hour: 20792 & 20590
Moving AVG (EMA) 20 Day & 40 Day: 20040 & 19811
Support & Downside Range: 20850--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 weekly expiry session key level to watch is 20960 rest after opening if 20960 manage to hold then we may see immediate downside knee jerk cooling off dip which can take nifty towards minimum 20850 to 20730 and max 20620 to 20558 levels whereas after opening if 20960 mange to hold and sustain above it for 15 to 30 mins then once again intraday move gets extend with over bought RSI towards 21115 to 21345 zone so understand the importance of 20960 rest and act accordingly.
