NIFTY Spot View: 18/10/2024
CMP: 24749.85
Moving AVG (EMA) 20 Hour & 40 Hour: 24891 & 24961
Moving AVG (EMA) 20 Day & 40 Day: 25180 & 25121
Support & Downside Range: 24690--24390
Resistance & Upside Range: 25235
Short Term Trend Reversal Level: -- 25235
Trading View Summary:
• Despite of stable global markets we are seeing continues selling pressure in our markets on daily basis since last couple of days.
• Now for today's intraday trading prospective key level to watch is 24690 on intraday 1hr sustain basis as well as on closing basis to get further clarity about the market direction.
• If 24690 manage to hold then we still have a chance to bounce and moves towards 25235 and above levels.
• Whereas if we breaks 24690 on 1hr sustain basis and closing basis then chances are high that we may see 24390 and below levels in days to come.
• So understand the importance of 24690 spot levels on sustain and closing basis.
CMP: 24749.85
Moving AVG (EMA) 20 Hour & 40 Hour: 24891 & 24961
Moving AVG (EMA) 20 Day & 40 Day: 25180 & 25121
Support & Downside Range: 24690--24390
Resistance & Upside Range: 25235
Short Term Trend Reversal Level: -- 25235
Trading View Summary:
• Despite of stable global markets we are seeing continues selling pressure in our markets on daily basis since last couple of days.
• Now for today's intraday trading prospective key level to watch is 24690 on intraday 1hr sustain basis as well as on closing basis to get further clarity about the market direction.
• If 24690 manage to hold then we still have a chance to bounce and moves towards 25235 and above levels.
• Whereas if we breaks 24690 on 1hr sustain basis and closing basis then chances are high that we may see 24390 and below levels in days to come.
• So understand the importance of 24690 spot levels on sustain and closing basis.
