NIFTY Spot View: 16/02/2024
CMP: 21910.75
Moving AVG (EMA) 20 Hour & 40 Hour: 21809 & 21779
Moving AVG (EMA) 20 Day & 40 Day: 21718 & 21510
Support & Downside Range: 21865—21810—21765--21706
Resistance & Upside Range: 22038—22088—22139
Short Term Trend Reversal Level: -- 21533
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Trading View Summary:
• Intraday bias remains bullish as long as 21865—21810 is holding on 15 to 30 mins sustain basis in that case can move upside till minimum 22038 to 22088 & maximum 22139 spot levels.
• Ahead of weekends if nifty reaches near 22139 then it may find strong rest to cross it & if 22139 manage to hold then it can give pull back downside once again.
• After opening if 21810 manage to break on 15 to 30 mins sustain basis then only we may see another sideways market move today so understand the importance of 21810 support.
