NIFTY Spot View: 28/08/2024
CMP: 25017.75
Moving AVG (EMA) 20 Hour & 40 Hour: 24974 & 24880
Moving AVG (EMA) 20 Day & 40 Day: 24608 & 24367
Support & Downside Range: 24754—24603--24465
Resistance & Upside Range: 25130—25225—25365--25535
Short Term Trend Reversal Level: -- 24280
Trading View Summary:
• No change in the levels its same as yesterday. As long as NIFTY is holding 24754 spot levels its intraday trend remains bullish for upside minimum 25130 to 25225 and maximum 25535 spot levels.
• Whereas after opening if nifty breaks 25754 on 1hr sustain basis than we may see little sideways consolidation of recent up move which last minimum 2 to 3 trading session and in that case it may try to form a base between 24754 to 24465 spot levels for next leg up.
