Nifty on Election Day Result in 2024

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NIFTY Spot View: 04/06/2024
CMP: 23263.90
Moving AVG (EMA) 20 Hour & 40 Hour: 22951 & 22851
Moving AVG (EMA) 20 Day & 40 Day: 22629 & 22488
Support & Downside Range: 23212—23131—23065 Zone, 23000—22900 Zone.
Resistance & Upside Range: 23735—24000—24196--24500
Short Term Trend Reversal Level: -- 22417

Trading View Summary:
•  In today's trading session key level to watch is 23212 as support.
•  As long as nifty remains above 23212 spot levels nifty may try to move upside towards minimum 23735 to 24000 & maximum 24196 to 24500 spot levels.
•  Whereas after opening if 23212 breaks then first we may see a small pullback move towards minimum 23131 to 23065 & maximum 23000 to 22900 spot levels & after that we may once again moves upside towards 23735 to 24000 spot levels.

Clarity of trends will emerge after 12 PM in elections

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