Nifty Trading Guide : 01 Jan 2025

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NIFTY Spot View: 01/01/2025
CMP: 23644.80
Moving AVG (EMA) 20 Hour & 40 Hour: 23690 & 23769
Moving AVG (EMA) 20 Day & 40 Day: 24027 & 24186
Support & Downside Range: 23520—23263--22700
Resistance & Upside Range: 23710—23820—23975--24065
Short Term Trend Reversal Level: --

Trading View Summary:
•  In yesterday's trading session market closed flat but we saw a strong selling pressure by FII's in all segments.
•  For today's trading session upside 23710—23820 should act as immediate intraday mom dad resistance. Whereas downside 23520 is key intraday support break below next leg of intraday selling pressure starts.

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