NIFTY Spot View: 06/08/2024
CMP: 24055.60
Moving AVG (EMA) 20 Hour & 40 Hour: 24420 & 24585
Moving AVG (EMA) 20 Day & 40 Day: 24501 & 24135
Support & Downside Range: 23892—23875 Zone, 23500--23100
Resistance & Upside Range: 24350—24490--24675
Short Term Trend Reversal Level: --
Trading View Summary:
• Today JAPAN market is showing sign of recovery after yesterday's brutal fall. For our intraday trading session key important level to watch is 23892 to 23875 as support.
• After opening if nifty manage to hold 23892 to 23875 support zone on 30 mins to 1hr sustain basis then we may immediate tries to move upside towards minimum 24350 to 24490 spot levels & minimum 24675 spot levels.
• Whereas after opening if nifty breaks 23892—23875 on sustain basis then we may see little more downside pullback towards minimum 23500 spot levels.
• So understand the importance of 23892—23875 support & act accordingly.
