Nifty Spot View: 29/12/2023
CMP: 21778.70
Moving AVG (EMA) 20 Hour & 40 Hour: 21637 & 21530
Moving AVG (EMA) 20 Day & 40 Day: 21062 & 20600
Support & Downside Range: 21725—21675 zone, 21504--21300
Resistance & Upside Range: 21816—21844—21890--21945
Short Term Trend Reversal Level: -- 21675
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Trading View: In today's trading session key level to watch is 21725—21675 support zone as long as nifty remains above this support zone its intraday bias remains bullish for upside minimum 21816 to 21844 and max 21890 to 21945 as upside projection whereas after opening if 21725—21675 breaks and we get 15 to 30 mins sustain below it then on immediate basis we may see some profit booking pull back towards 21504 to 21300 levels so understand the importance of 21725—21675 support zone on intraday basis and act accordingly.
