Nifty Spot View: 05/02/2024
CMP: 21853.80
Moving AVG (EMA) 20 Hour & 40 Hour: 21799 & 21718
Moving AVG (EMA) 20 Day & 40 Day: 21592 & 21343
Support & Downside Range: 21800—21760 zone, 21640—21600—21550--21440
Resistance & Upside Range: 22125—22400—22500 zone
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Short Term Trend Reversal Level: --
Trading View: In today's intraday trading session key level to watch is 21800—21760 support zone after opening if this support manage to hold then we may see a sideways rangebound market between 21760 to 22125 range and fresh upside breakout happens once we break above 22125 spot levels whereas after opening if 21800—21760 manage to break then we may straight open downside for minimum 21640—21600 and max 21550—21440 levels so understand the importance of 21800—21760 support on intraday basis and act accordingly.
NOTE : TREND REMAINS SIDEWAYS ABOVE 21800—21760 TILL 22125, TREND TURNS BULLISH ABOVE 22125, TREND TURNS WEAK BELOW 21760.
