NIFTY Spot View: 29/04/2024
CMP: 22419.95
Moving AVG (EMA) 20 Hour & 40 Hour: 22463 & 22418
Moving AVG (EMA) 20 Day & 40 Day: 22348 & 22235
Support & Downside Range: 22385—22340 zone, 22290--22125
Resistance & Upside Range: 22502—22548 Zone, 22630
Short Term Trend Reversal Level: --
Trading View Summary:
• In today's intraday trading session key level to watch is 22502—22548 rest zone.
• After opening if this rest of 22502—22548 manage to hold on 15 to 30 mins sustain basis than we may see today's market to remain range bound between smaller range 22502 to 22548 as upside band & downside 22340 & if nifty breaks 22340 than there is a possibility that we may see more bigger intraday downside range.
• Whereas after opening if 22502—22548 mange to break than we may see more intraday upside move towards 22630 & above levels & in that case 22385 which is last Friday's low will become a key level to watch. So understand the importance of 22502—22548 rest zone & act accordingly.
CMP: 22419.95
Moving AVG (EMA) 20 Hour & 40 Hour: 22463 & 22418
Moving AVG (EMA) 20 Day & 40 Day: 22348 & 22235
Support & Downside Range: 22385—22340 zone, 22290--22125
Resistance & Upside Range: 22502—22548 Zone, 22630
Short Term Trend Reversal Level: --
Trading View Summary:
• In today's intraday trading session key level to watch is 22502—22548 rest zone.
• After opening if this rest of 22502—22548 manage to hold on 15 to 30 mins sustain basis than we may see today's market to remain range bound between smaller range 22502 to 22548 as upside band & downside 22340 & if nifty breaks 22340 than there is a possibility that we may see more bigger intraday downside range.
• Whereas after opening if 22502—22548 mange to break than we may see more intraday upside move towards 22630 & above levels & in that case 22385 which is last Friday's low will become a key level to watch. So understand the importance of 22502—22548 rest zone & act accordingly.
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