NIFTY Spot View: 12 /09/2024
CMP: 24918.15
Moving AVG (EMA) 20 Hour & 40 Hour: 25002 & 25023
Moving AVG (EMA) 20 Day & 40 Day: 24916 & 24671
Support & Downside Range: 24880—24753--24600
Resistance & Upside Range: 25140—25170 zone, 25212—25280--25333
Short Term Trend Reversal Level: -- 24895
Trading View Summary:
• Markets are nervous right now and giving big reaction any sort of small or big news flows.
• Yesterday we got a weak closing in NIFTY and due to the global recovery our market showing a gap up opening sign today.
• Now for today's intraday trading prospective key level to watch is 24880 support which is yesterday lows and upside 25140-25170 as resistance. Break of either side of levels we will get one side trending moves.
• Above 25140-25170 NIFTY can try to move towards ATH and above levels whereas below 24880 NIFTY can look to retest 24753—24600 spot levels. As long as NIFTY remains between 25140 to 24880 we may see a wild swings.
