NIFTY Spot View: 06/12/2024
CMP: 24708.40
Moving AVG (EMA) 20 Hour & 40 Hour: 24492 & 24370
Moving AVG (EMA) 20 Day & 40 Day: 24207 & 24334
Support & Downside Range: 24495—24295 zone.
Resistance & Upside Range: 24988--25245
Short Term Trend Reversal Level: --
Trading View Summary:
• Ahead of RBI policy and weekends for today's intraday trading session key level to watch is 24495—24295 support zone.
• After RBI policy if NIFTY manage to hold 24495—24295 on daily closing basis then this upside bounce move can get extended towards 24988 minimum to maximum 24245 spot levels.
• Whereas after opening RBI Policy if nifty fail to hold 24495—24295 support zone then its going to be first sign that recent swing high is wave B and now wave C correction started.
• SO UNDERSTAND THE IMPORTANCE OF 24495—24295 SUPPORT ZONE.
