NIFTY Spot View: 05/12/2024
CMP: 24467.45
Moving AVG (EMA) 20 Hour & 40 Hour: 24390 & 24281
Moving AVG (EMA) 20 Day & 40 Day: 24154 & 24315
Support & Downside Range: 24350—24300 zone, 24240—24170 zone
Resistance & Upside Range: 24540—24765--24988
Short Term Trend Reversal Level: --
Trading View Summary:
• For today's intraday trading session key level to watch is 24350—24300 support zone.
• As long as NIFTY is trading above this support zone its trend remains bullish for upside 24540 to 24765 minimum and maximum 24988 levels.
• Whereas after opening if 24350—24300 breaks on 30mins sustain basis then trend turns sideways for remaining hours of the day.
