NIFTY Spot View: 25/10/2024
CMP: 24399.40
Moving AVG (EMA) 20 Hour & 40 Hour: 24482 & 24592
Moving AVG (EMA) 20 Day & 40 Day: 24937 & 25000
Support & Downside Range: 24330--24220--23880
Resistance & Upside Range: 24603—24825--24980
Short Term Trend Reversal Level: -- 25235
Trading View Summary:
• For today's intraday trading session 24603 should act as immediate resistance zone.
• Possibility of fresh bounce from oversold zone comes only once NIFTY moves above 24603 spot levels. If nifty fail to move above 24603 spot then trend remains weak and sell on rise and can fall towards 24220 to 23880 spot levels.
• Whereas as downside 24330 which is yesterday's low should act as immediate support.
