NIFTY Spot View: 29/01/2025
CMP: 22957.25
Moving AVG (EMA) 20 Hour & 40 Hour: 23011 & 23075
Moving AVG (EMA) 20 Day & 40 Day: 23326 & 23620
Support & Downside Range: 22786--22700--22580--22190
Resistance & Upside Range: 23150—23347--23630
Short Term Trend Reversal Level: -- 22786
Trading View Summary:
• For today's trading session key level to watch is 22786 as support on daily closing basis.
• After opening if 22786 manage to hold then we have a chance of a short covering upside move towards 23347 and above levels.
• Whereas after opening if 22786 breaks on intraday sustain basis and closing basis then the ongoing correction remains continue and we may fall towards 22580 and lower levels.
• so understand the importance of 22786 support on intraday sustain basis and closing basis.
