Nifty Spot View: 12/01/2024
CMP: 21647.20
Moving AVG (EMA) 20 Hour & 40 Hour: 21624 & 21622
Moving AVG (EMA) 20 Day & 40 Day: 21418 & 21005
Support & Downside Range: 21593—21550—21448---21250
Resistance & Upside Range: 21725-- 21765—21813---21872
Short Term Trend Reversal Level: -- 21250
CMP: 21647.20
Moving AVG (EMA) 20 Hour & 40 Hour: 21624 & 21622
Moving AVG (EMA) 20 Day & 40 Day: 21418 & 21005
Support & Downside Range: 21593—21550—21448---21250
Resistance & Upside Range: 21725-- 21765—21813---21872
Short Term Trend Reversal Level: -- 21250
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Trading View: In today's trading session key level to watch is 21593 spot levels as long as nifty remains above this support zone its intraday bias remains bullish for upside minimum 21725 to 21765 and max 21813 to 21872 upside projection whereas after opening if 21593 manage to break then intraday bias turns into sideways where we can see nifty to trade between 21725 upside range and downside minimum 21550 and max 21448 levels so understand the importance of 21593 support on intraday basis and act accordingly.
