Nifty Plan of Action for Today

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Nifty Spot View: 24/01/2024
CMP: 21238.80
Moving AVG (EMA) 20 Hour & 40 Hour: 21490 & 21578
Moving AVG (EMA) 20 Day & 40 Day: 21536 & 21221
Support & Downside Range: 21192—20920—20867--20750
Resistance & Upside Range: 21275—21325 zone, 21370—21405 zone
Short Term Trend Reversal Level: -- 21750

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Trading View: In today's trading session key level to watch is 21370—21405 rest zone as long as nifty remains below this levels its intraday bias remains sell on rise and any bounce in zone of 21275—21325 is getting sold for downside minimum 20920 to 20867 and max 20750 projection whereas after opening if 21370—21405 manage to break upside then we may see some stability to come in ongoing selloff which we saw yesterday so understand the importance of 21370—21405 rest on intraday basis and act accordingly. #NOTE: TREND REMAINS BEARISH TILL BELOW 21370-21405, TREND GETS STABLE ABOVE 21370—21405.

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