Gift Nifty giving erroneous indications for Nifty Start

Almost all participants indicated a lower target range for the federal funds rate by the end of 2024, according to minutes of the Federal Open Market Committee (FOMC) monetary policy meeting held on December 12-13.

New economic projections showing most officials expect that the policy rate will need to be lowered by three-quarters of a percentage point over the course of 2024

Nifty Spot View: 04/01/2024
CMP: 21517.35
Moving AVG (EMA) 20 Hour & 40 Hour: 21606 & 21612
Moving AVG (EMA) 20 Day & 40 Day: 21257 & 20792
Support & Downside Range: 21486—21385--21250
Resistance & Upside Range: 21695--21844
Short Term Trend Reversal Level: -- 21250

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Trading View: In today's trading session key level to watch is 21695 rest as long as nifty remains below this rest zone intraday bias remains sideways to weak and we can fall downside minimum 21486 to 21385 and max 21250 spot levels here 21250 spot levels acts as our trend reversal support if this manage to hold and nifty manage to give daily positive close then consider that bull run is getting extended and we are heading more higher levels than 21844 spot levels whereas if nifty closes below 21250 than we can expect that correction gets more deeper so understand the importance of 21250 and if nifty comes near those levels act accordingly.