Nifty Spot View: 08/01/2024
CMP: 21710.80
Moving AVG (EMA) 20 Hour & 40 Hour: 21663 & 21646
Moving AVG (EMA) 20 Day & 40 Day: 21335 & 20877
Support & Downside Range: 21629--21499
Resistance & Upside Range: 21750—21844—21880—21975--22035
Short Term Trend Reversal Level: -- 21499
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Trading View: In today's trading session key level to watch is 21629 as immediate support as long as nifty remains above this support zone its intraday bias remains bullish for upside minimum 21844-21880 projection whereas after opening if 21629 manage to break the intraday bias turns sideways and we may probably trade between 21750—21499 range for rest of the day so understand the importance of 21629 support on intraday basis and act accordingly.
