Nifty Traders for 05 Feb 2025

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NIFTY Spot View: 05/02/2025
CMP: 23739.25
Moving AVG (EMA) 20 Hour & 40 Hour: 23487 & 23397
Moving AVG (EMA) 20 Day & 40 Day: 23367 & 23575
Support & Downside Range: 23420--23222—23070--22900
Resistance & Upside Range: 23900—24070--24270
Short Term Trend Reversal Level: -- 22786

Trading View Summary:
•  For today's intraday trading session key level to watch is 23420 as support.
•  As long as nifty is trading above this support zone its trend remains bullish and buy on dips for upside minimum 23900 to 24070 and maximum 24270 spot levels.
•  Whereas after opening if nifty breaks 23420 then trend turns sideways for the rest of the day.

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