NIFTY Spot View: 21/10/2024
CMP: 24854.05
Moving AVG (EMA) 20 Hour & 40 Hour: 24843 & 24906
Moving AVG (EMA) 20 Day & 40 Day: 25149 & 25108
Support & Downside Range: 24690--24567
Resistance & Upside Range: 25060—25235
Short Term Trend Reversal Level: -- 25235
Trading View Summary:
• For today's intraday trading session key level to watch is 24690—24567 support zone.
• As long as NIFTY is trading above this support zone we have to assume that market has formed a short term bottom and now we are heading upside towards minimum 25060 to 25235 spot levels.
• Whereas after opening if NIFTY breaks 24690—24567 on closing basis then once again we may see fresh selling pressure to start in the markets.
CMP: 24854.05
Moving AVG (EMA) 20 Hour & 40 Hour: 24843 & 24906
Moving AVG (EMA) 20 Day & 40 Day: 25149 & 25108
Support & Downside Range: 24690--24567
Resistance & Upside Range: 25060—25235
Short Term Trend Reversal Level: -- 25235
Trading View Summary:
• For today's intraday trading session key level to watch is 24690—24567 support zone.
• As long as NIFTY is trading above this support zone we have to assume that market has formed a short term bottom and now we are heading upside towards minimum 25060 to 25235 spot levels.
• Whereas after opening if NIFTY breaks 24690—24567 on closing basis then once again we may see fresh selling pressure to start in the markets.
