NIFTY Spot View: 01/08/2024
CMP: 24951.15
Moving AVG (EMA) 20 Hour & 40 Hour: 24892 & 24797
Moving AVG (EMA) 20 Day & 40 Day: 24479 & 24063
Support & Downside Range: 24900--24820—24745--24690
Resistance & Upside Range: 25260--25350
Short Term Trend Reversal Level: 24075
Trading View Summary:
• In today's intraday trading session key level to watch is 24900—24820 support zone.
• As long as NIFTY is trading above this support zone its trend remains bullish for upside minimum 25260 to maximum 25350 spot levels.
• Whereas after opening if 24900—24820 breaks then once again trend turns sideways for few more hours.
