NIFTY Spot View: 14/01/2025
CMP: 23085.95
Moving AVG (EMA) 20 Hour & 40 Hour: 23369 & 23505
Moving AVG (EMA) 20 Day & 40 Day: 23773 & 23986
Support & Downside Range: 23045—22850—22800 zone, 22510--22305
Resistance & Upside Range: 23205—23310 zone, 23395-- 23596
Short Term Trend Reversal Level: -- 24230
Trading View Summary:
• Due to continuous selling the smaller time frame breath is oversold so if we get any pullback on upside then 23205 to 23310 zone & 23395 should act as immediate resistance and selling zone for more downside levels towards minimum 22850 to 22800 and maximum 22510 to 22305 spot levels.
• Whereas after opening if nifty manage to move above 23395 spot levels on 1hr sustain basis then intraday trend turns sideways for remaining hours of the day. So understand the importance of 23395 spot rest on sustain basis.
CMP: 23085.95
Moving AVG (EMA) 20 Hour & 40 Hour: 23369 & 23505
Moving AVG (EMA) 20 Day & 40 Day: 23773 & 23986
Support & Downside Range: 23045—22850—22800 zone, 22510--22305
Resistance & Upside Range: 23205—23310 zone, 23395-- 23596
Short Term Trend Reversal Level: -- 24230
Trading View Summary:
• Due to continuous selling the smaller time frame breath is oversold so if we get any pullback on upside then 23205 to 23310 zone & 23395 should act as immediate resistance and selling zone for more downside levels towards minimum 22850 to 22800 and maximum 22510 to 22305 spot levels.
• Whereas after opening if nifty manage to move above 23395 spot levels on 1hr sustain basis then intraday trend turns sideways for remaining hours of the day. So understand the importance of 23395 spot rest on sustain basis.
