NIFTY Spot View: 25/02/2025
CMP: 22553.35
Moving AVG (EMA) 20 Hour & 40 Hour: 22706 & 22808
Moving AVG (EMA) 20 Day & 40 Day: 23081 & 23307
Support & Downside Range: 22430---22240--22006
Resistance & Upside Range: 22707—22825--23050
Short Term Trend Reversal Level: -- 23050
Trading View Summary:
• Knowing the fact that market breath is extremely oversold wherein daily RSI trading at 30 & weekly RSI of nifty is trading at 37 we are not getting the bounce which we needed.
• So we have only levels to watch and act accordingly. For today's intraday trading session key level to watch is 22430—22400 spot levels on daily closing basis. This support zone is the last hope for the bulls if they wish to come back. If bulls fail to hold this support zone on closing basis then we may see lower levels and this selling remains continue despite of oversold breath.
• On the way up 22707—22825 are immediate resistance to watch break above this levels we may see some stability in the market and first sign of bottom place comes above 23050 spot levels on closing basis.
CMP: 22553.35
Moving AVG (EMA) 20 Hour & 40 Hour: 22706 & 22808
Moving AVG (EMA) 20 Day & 40 Day: 23081 & 23307
Support & Downside Range: 22430---22240--22006
Resistance & Upside Range: 22707—22825--23050
Short Term Trend Reversal Level: -- 23050
Trading View Summary:
• Knowing the fact that market breath is extremely oversold wherein daily RSI trading at 30 & weekly RSI of nifty is trading at 37 we are not getting the bounce which we needed.
• So we have only levels to watch and act accordingly. For today's intraday trading session key level to watch is 22430—22400 spot levels on daily closing basis. This support zone is the last hope for the bulls if they wish to come back. If bulls fail to hold this support zone on closing basis then we may see lower levels and this selling remains continue despite of oversold breath.
• On the way up 22707—22825 are immediate resistance to watch break above this levels we may see some stability in the market and first sign of bottom place comes above 23050 spot levels on closing basis.
