NIFTY Spot View: 08/11/2024
CMP: 24199.35
Moving AVG (EMA) 20 Hour & 40 Hour: 24238 & 24238
Moving AVG (EMA) 20 Day & 40 Day: 24514 & 24713
Support & Downside Range: 24175—24060--23816
Resistance & Upside Range: 24600--24760--25050
Short Term Trend Reversal Level: -- 23816
Trading View Summary:
• In today's weekends trading session key level to watch is 24175—24060 support zone.
• After opening if this support zone manage to hold then we may immediate tries to move upside towards 24600 and above levels.
• Whereas after opening if 24175—24060 breaks on 1hr sustain basis or closing basis then we have to assume that 23816 might not be our short term bottom and we may fall further in days to come and we have wait once again to get clarity about the short term pause.
• So understand the importance of 24175—24060 support zone on sustain and closing basis here.
CMP: 24199.35
Moving AVG (EMA) 20 Hour & 40 Hour: 24238 & 24238
Moving AVG (EMA) 20 Day & 40 Day: 24514 & 24713
Support & Downside Range: 24175—24060--23816
Resistance & Upside Range: 24600--24760--25050
Short Term Trend Reversal Level: -- 23816
Trading View Summary:
• In today's weekends trading session key level to watch is 24175—24060 support zone.
• After opening if this support zone manage to hold then we may immediate tries to move upside towards 24600 and above levels.
• Whereas after opening if 24175—24060 breaks on 1hr sustain basis or closing basis then we have to assume that 23816 might not be our short term bottom and we may fall further in days to come and we have wait once again to get clarity about the short term pause.
• So understand the importance of 24175—24060 support zone on sustain and closing basis here.
