Nifty Trading View & Future Prediction for 30 May

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NIFTY Spot View: 30/05/2024
CMP: 22704.70
Moving AVG (EMA) 20 Hour & 40 Hour: 22822 & 22807
Moving AVG (EMA) 20 Day & 40 Day: 22574 & 22442
Support & Downside Range: 22650—22600 Zone, 22450--22300
Resistance & Upside Range: 22825—22950—23000 Zone, 23110
Short Term Trend Reversal Level: -- 22054

Trading View Summary:
•  In today's monthly expiry trading session key level to watch is 22650—22600 support zone & 22825 as resistance.
•  After opening if nifty manage to move above 22825 spot levels then short covering move triggers with positive divergence and nifty can move upside towards minimum 22950 to 23000 spot levels. 
•  Whereas after opening if nifty manage to move below 22650-22600 spot levels then we may see more downside move towards 22450 minimum to maximum 22300 spot levels.

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