NIFTY Spot View: 20/08/2024
CMP: 24572.65
Moving AVG (EMA) 20 Hour & 40 Hour: 24466 & 24398
Moving AVG (EMA) 20 Day & 40 Day: 24389 & 24193
Support & Downside Range: 24558, 24480—24450 zone, 24385—24330 zone
Resistance & Upside Range: 24687—24851—24960--25080
Short Term Trend Reversal Level: -- 24099
Trading View Summary:
• In today's intraday trading session key level to watch is 24558 spot as support.
• As long as NIFTY is trading above this support zone its trend remains bullish for upside minimum 24687 to 24851 spot levels.
• Whereas after opening if 24558 breaks than intraday trend turns sideways for few hours and we may see a small pullback move towards minimum 24480 to 24450 spot levels.
