Nifty Trading view for 13 Feb 2025

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NIFTY Spot View: 13/02/2025
CMP: 23045.25
Moving AVG (EMA) 20 Hour & 40 Hour: 23159 & 23280
Moving AVG (EMA) 20 Day & 40 Day: 23359 & 23522
Support & Downside Range: 22786--22600
Resistance & Upside Range: 23175—23305--23520
Short Term Trend Reversal Level: -- 22786

Trading View Summary:
•  For today's intraday trading session key level to watch is 23786 as support which is so far double bottom support on daily charts. 
•  As long as nifty is trading above 22786 on daily closing basis consider that nifty has completed its correction and now we may move higher.
•  On the way upside 23175 should act as immediate resistance after opening. Break and sustain above it we may immediate moves upside towards 23305 to 23520 spot levels.
•  NOTE: if nifty breaks 22786 on closing basis then correction may go deeper so understand the importance of 22786 on closing basis.

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