Nifty Trading Tip : 03 Feb

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NIFTY Spot View: 03/02/2025
CMP: 23482.15
Moving AVG (EMA) 20 Hour & 40 Hour: 23403 & 23306
Moving AVG (EMA) 20 Day & 40 Day: 23339 & 23572
Support & Downside Range: 23070—22980—22900--22786
Resistance & Upside Range: 23635--23880
Short Term Trend Reversal Level: -- 22786

Trading View Summary:
•  Global markets are bleeding right now in the new tariff war started by the Trump.
•  For today's intraday trading session we have key levels to watch which is 23070—22900 as support zone. If this support zone manage to hold on closing basis in days to come then despite of global tariff war fear we may first move upside towards 23800 and above levels to complete our technical formation.
•  Whereas after opening if 23070—22900 zone gets break on daily closing basis then we have to assume that we got our bounce and are once again heading lower towards 22786 and lower levels and the ongoing selling by FII remains there.
•  SO UNDERSTAND THE IMPORTANCE OF 23070—22900 SUPPORT ZONE HERE.

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