NIFTY Spot View: 01/04/2024
CMP: 22326.90
Moving AVG (EMA) 20 Hour & 40 Hour: 22239 & 22158
Moving AVG (EMA) 20 Day & 40 Day: 22098 & 21983
Support & Downside Range: 22264—22180—22094---21945
Resistance & Upside Range: 22390—22430—22465--22526
Short Term Trend Reversal Level: -- 22526
Start making profit on a daily basis with nifty option tip as we aim to trade less but trade accurately.
Trading View Summary:
• In last Thursday trading session nifty missed ATH by 10 points came very close to it but fail to break and closes above it, so now 22526 has become a key rest to watch on 1 to 2 days closing basis.
• In today's intraday trading session key level to watch is 22264—22180 spot levels, after opening if this support zone manage to hold then once again nifty may try for upside move towards 22430 to 22465 minimum & maximum 22526 & plus levels.
• After opening if 22264—22180 fail to hold on 30mins to 1hr sustain basis then we may immediate move downside towards 22094 to 21945 & below levels & will have to assume that nifty has formed a doublish top near 22526 spot levels ahead of Election.
