Nifty levels for 24 Jan

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NIFTY Spot View: 24/01/2025
CMP: 23205.35
Moving AVG (EMA) 20 Hour & 40 Hour: 23186 & 23214
Moving AVG (EMA) 20 Day & 40 Day: 23457 & 23727
Support & Downside Range: 22975—22580--22190
Resistance & Upside Range: 23275—23435--23540
Short Term Trend Reversal Level: -- 23800

Trading View Summary:
• For today's intraday trading session key level to watch is 23275 rest zone.
• As long as nifty remains below 23275 trend remains sell on rise for downside 22975 and lower levels. Whereas after opening if nifty breaks 23275 then trend turns sideways.
• NOTE: 23540 IS ANOTHER KEY LEVEL TO WATCH EVEN IF NIFTY TOUCH THIS LEVEL THEN FORMATION CHANGES & IN THIS CASE NIFTY OPENS NEW 2 ALTERNATIVE. SO UNDERSTAND THE IMPORTANCE OF 23275 TRADING REST AND 23540 DIRECTION REST.

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