Nifty Trading Tip : 20 Jan 2025

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NIFTY Spot View: 20/01/2025
CMP: 23203.10
Moving AVG (EMA) 20 Hour & 40 Hour: 23241 & 23301
Moving AVG (EMA) 20 Day & 40 Day: 23593 & 23848
Support & Downside Range: 23045—22850—22800 zone, 22510--22305
Resistance & Upside Range: 23395—23596--23800
Short Term Trend Reversal Level: -- 23800

Trading View Summary:
• For today's intraday trading session key level to watch is 23395 as resistance zone which should act as immediate trading rest zone also in any bounce.
• After opening if 23395 fail to break on the way upside then we may immediate see selling pressure to build in the market towards minimum 22850 to 22800 zone and maximum 22510 to 22305 spot levels.
• Whereas after opening if 23395 breaks on 1hr sustain basis then intraday trend turns sideways for remaining hours of the day. So understand the importance of 23395 rest zone.

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