Nifty Spot View: 02/02/2024
CMP: 21697.45
Moving AVG (EMA) 20 Hour & 40 Hour: 21674 & 21625
Moving AVG (EMA) 20 Day & 40 Day: 21564 & 21316
Support & Downside Range: 21640—21600—21550--21440
Resistance & Upside Range: 21851—21911 zone 21972—22025 zone 22070—22125 zone
CMP: 21697.45
Moving AVG (EMA) 20 Hour & 40 Hour: 21674 & 21625
Moving AVG (EMA) 20 Day & 40 Day: 21564 & 21316
Support & Downside Range: 21640—21600—21550--21440
Resistance & Upside Range: 21851—21911 zone 21972—22025 zone 22070—22125 zone
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Short Term Trend Reversal Level: --
Trading View: As of now no strong confirmation that entire up move from low of 21136 is an impulsive up move as of now it more looks like a complex pattern which is going on the way up, now in today's trading session key level to watch is 21640 as support and 21851—21911 as rest after opening if we break 21640 spot then we may fall downside till 21600—21550 minimum and max 21440 whereas after opening bulls manage to move above 21911 spot then move gets extend upside till minimum 21972 to 22025 levels minimum so understand the importance of 21640 support and 21851—21911 rest on intraday basis and act accordingly.
