Nifty Spot View: 09/01/2024
CMP: 21513
Moving AVG (EMA) 20 Hour & 40 Hour: 21619 & 21628
Moving AVG (EMA) 20 Day & 40 Day: 21352 & 20908
Support & Downside Range: 21485—21450—21400 zone, 21250
Resistance & Upside Range: 21574—21625 zone, 21664—21720 zone, 21760—21844 zone
Short Term Trend Reversal Level: -- 21250
Trading View: In today's trading session key level to watch is 21485 spot as support after opening if this manage to hold then on immediate basis nifty starts moving upside towards 21574—21625 as minimum trading move and max 21664 to 21720 levels whereas after opening if 21485 manage to break then we may see more downside cooling off move till minimum 21450—21400 and max 21250 spot levels here on a larger note as long as nifty remains above 21250 spot levels on closing basis we have to consider that this correction from recent high is just a part of pull back before it starts a next leg up.
