NIFTY Spot View: 21/08/2024
CMP: 24698.85
Moving AVG (EMA) 20 Hour & 40 Hour: 24493 & 24497
Moving AVG (EMA) 20 Day & 40 Day: 24418 & 24218
Support & Downside Range: 24640—24580 zone, 24490--24400
Resistance & Upside Range: 24851—24960--25080
Short Term Trend Reversal Level: -- 24099
Trading View Summary:
• In today's trading session key level to watch is 24640—24580 support zone.
• As long as NIFTY is holding this support zone on 1hr sustain basis NIFTY intraday trend remains bullish for upside minimum 24851 to 24960 and max 25080 spot levels.
• Whereas after opening if NIFTY breaks 24640—24580 on 1hr sustain basis than we may see a small pullback move towards 24490 to 24400 spot levels and anywhere between this support zone NIFTY may try to find stability for next leg up.
