Is Nifty affected by HMPV Virus?

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NIFTY Spot View: 07/01/2025
CMP: 23616.15
Moving AVG (EMA) 20 Hour & 40 Hour: 23855 & 23862
Moving AVG (EMA) 20 Day & 40 Day: 23979 & 24132
Support & Downside Range: 23500—23450 Zone, 23263
Resistance & Upside Range: 24810—23890--24000
Short Term Trend Reversal Level: -- 

Trading View Summary:
• Yesterday we saw a massive selloff in our markets due to many news be it worry of New Virus or YEN Carry Trade or rising DXY or our internal technical correction but we witness a strong selling. 
• Now for today's intraday trading session key level to watch is 23500—23450 as support.
• After opening if 23500—23450 breaks on 1hr sustain basis then once again we may see a follow through selling pressure in markets and nifty may fall towards 23263 and below levels.
• Whereas after opening if 23500—23450 manage to hold then we may once again moves upside towards minimum 23810 to 23890 and maximum 24000 spot levels.
• So understand the importance of 23500—23450 support zone here.

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