Nifty Guidance 29 Jan 2025

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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.

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