NIFTY Spot View: 24/10/2024
CMP: 24435.50
Moving AVG (EMA) 20 Hour & 40 Hour: 24579 & 24685
Moving AVG (EMA) 20 Day & 40 Day: 24994 & 25031
Support & Downside Range: 24375--24220--23880
Resistance & Upside Range: 24603—24825--24980
Short Term Trend Reversal Level: -- 25235
Trading View Summary:
• For today's intraday trading session 24620 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 24375 which is yesterday's low should act as immediate support.
