Nifty Spot View in Global Meltdown

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#NIFTY Spot View: 18/04/2024
CMP: 22147.90
Moving AVG (EMA) 20 Hour & 40 Hour: 22293 & 22396
Moving AVG (EMA) 20 Day & 40 Day: 22347 & 22196
Support & Downside Range: 22070—22000--21935
Resistance & Upside Range: 22247—22350--22430
Short Term Trend Reversal Level: -- 22780

Trading View Summary:
•  In today’s trading session key level to watch is 22070—22000 support zone on closing basis.
•  After opening if 22070—22000 manage to hold than we may see some pullback bounce move upside towards minimum 22247 to 22350 & maximum 22430 levels.
•  Whereas after opening if 22070—22000 spot fail to hold than we may see some more intraday downside correction minimum towards 21935 & below that maximum towards 21710 spot levels.

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