Nifty Trading Prediction for the day

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NIFTY Spot View: 08/01/2025
CMP: 23707.90
Moving AVG (EMA) 20 Hour & 40 Hour: 23790 & 23823
Moving AVG (EMA) 20 Day & 40 Day: 23953 & 24111
Support & Downside Range: 23550---23450--23263
Resistance & Upside Range: 24810—23890--24000
Short Term Trend Reversal Level: -- 

Trading View Summary:
• For today's intraday trading session key level to watch is 24810 as resistance.
• After opening if nifty fail to move above this resistance then we may immediate moves lower towards 23550—23450 and below levels.
• Whereas after opening if nifty manage to move above 24810 on 30 mins to 1hr sustain basis then then trend turns sideways for remaining hours of the day and we may see 23890 to 24000 spot levels.
• so understand the importance of 23810 resistance for trading prospective.

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