NIFTY Spot View: 21/01/2025
CMP: 23344.75
Moving AVG (EMA) 20 Hour & 40 Hour: 23278 & 23304
Moving AVG (EMA) 20 Day & 40 Day: 23570 & 23824
Support & Downside Range: 23170--23045—22850—22800 zone, 22510--22305
Resistance & Upside Range: 23395—23596--23800
Short Term Trend Reversal Level: -- 23800
Trading View Summary:
• Market is waiting for some sort of trigger, despite of continues selling by FII's market got stuck in complex pattern. Now for today's intraday trading session key level to watch is 23395 as resistance.
• After opening if nifty manage to sustain above 23395 spot then we may see a more sideways trend and may get a pullback up move towards 23596 spot levels.
• Whereas if nifty fail to move above 23395 spot then we may once again see a selling pressure to build in market and we may head lower towards 23170 and below levels.
