NIFTY Spot View: 04/02/2025
CMP: 23361.05
Moving AVG (EMA) 20 Hour & 40 Hour: 23364 & 23311
Moving AVG (EMA) 20 Day & 40 Day: 23328 & 23566
Support & Downside Range: 23222—23070--22900
Resistance & Upside Range: 23635--23880
Short Term Trend Reversal Level: -- 22786
Trading View Summary:
• For intraday trading prospective key level to watch is 23222 and for direction prospective key level to watch is 23070—22900 spot levels.
• As long as NIFTY remains above 23222 on daily closing basis trend remains bullish for upside trading prospective 23635 to 23880 and for directional prospective 24500 to 25200 spot levels.
• Whereas after opening if nifty manage to break 23222 on closing basis then trend turns confusing and sideways.
