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.
