NIFTY Spot View: 03/09/2024
CMP: 25278.70
Moving AVG (EMA) 20 Hour & 40 Hour: 25227 & 25144
Moving AVG (EMA) 20 Day & 40 Day: 24799 & 24515
Support & Downside Range: 25200—25130 Zone, 25000—24963 zone.
Resistance & Upside Range: 25485—25636--25847
Short Term Trend Reversal Level: -- 25000—24963
Trading View Summary:
• Since last 13 trading session NIFTY is inching higher without giving a single negative daily close. Now for today's intraday trading session key level to watch is 25200—25130 as support zone.
• As long as NIFTY is trading above this support zone up trend remains continue for upside minimum 25485 to 25636 and maximum 25847 spot levels.
• Whereas after opening if NIFTY breaks 25130 spot on 1hr sustain basis than we may see sideways consolidation pullback of recent rally & NIFTY may retest 25000---24963 or slight below levels as part of running pullback of recent rally.
