NIFTY Spot View: 09/01/2025
CMP: 23688.95
Moving AVG (EMA) 20 Hour & 40 Hour: 23703 & 23781
Moving AVG (EMA) 20 Day & 40 Day: 23928 & 24090
Support & Downside Range: 23575--23450--23263
Resistance & Upside Range: 24880—23980—24070--
Short Term Trend Reversal Level: -- 24230
Trading View Summary:
• For today's intraday trading session key level to watch is 24880—24980 as resistance.
• Any bounce near this rest zone may face a selling pressure. Only sustain above 24980 spot levels trend may go sideways ahead of expiry else trend remains sell on rise.
• Whereas downside 23575 may act as immediate expiry support if options writers wants to eat premium then they may try to defend 23575 support after opening and may try to keep nifty in range 23575 to 23880 as small range and bigger range 23575 to 23980.
• Break and sustain below 23575 we may see a trending expiry else it may remain in range as explained.
