NIFTY Spot View: 18/12/2024
CMP: 24336
Moving AVG (EMA) 20 Hour & 40 Hour: 24504 & 24536
Moving AVG (EMA) 20 Day & 40 Day: 24421 & 24423
Support & Downside Range: 24240—24180—24050
Resistance & Upside Range: 24405—24460 zone, 24545--24775
Short Term Trend Reversal Level: --
Trading View Summary:
• Market is giving wild move every alternative day on each side which has created a lot of confusion about the ongoing trend.
• For today's intraday trading session key level to watch is 24180—24050 support & 24240 as trading support levels.
• As long as NIFTY is trading above 24180—24050 on daily closing basis we have to assume that short term trend is bullish and soon we will move towards 24775 and above levels.
• Whereas after opening if 24180—24050 breaks then we may see strong selling pressure to build in market and once again downside door gets open and more risk of selling gets open.
