Nifty Spot View: 04/12/2023
CMP: 20267.90
Moving AVG (EMA) 20 Hour & 40 Hour: 20159 & 20053
Moving AVG (EMA) 20 Day & 40 Day: 19762 & 19646
Support & Downside Range: 20225--20016
Resistance & Upside Range: 20350—20525--20800
Short Term Trend Reversal Level: -- 19768
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Trading View: After stunning win by BJP in 3 states in today's trading session key level to watch is 20525 spot levels after gap up if this rest manage to hold then immediate basis we may see profit booking to start in the market and once again nifty may drag downside towards 20225 to 20016 levels whereas if 20525 breaks and we get 30 mins to 1hr sustain above it then intraday move gets extend till 20800 spot levels so understand the importance of 20525 spot rest here on intraday trading basis.
