NIFTY Spot View: 11/03/2025
CMP: 22460.30
Moving AVG (EMA) 20 Hour & 40 Hour: 22500 & 22452
Moving AVG (EMA) 20 Day & 40 Day: 22665 & 22998
Support & Downside Range: 22320--22200
Resistance & Upside Range: 22680
Short Term Trend Reversal Level: --
Trading View Summary:
• It seems at yesterday high nifty have completed first 5 waves impulsive up where we got wave 1 and now nifty is giving pullback in wave-2 which can retrace minimum 22320 which is 50% retracement level and maximum 22200 which is 66% retracement level and anywhere between this support zone it should find stability. Once nifty crosses 22680 spot levels will get confirmation that wave 3 up move has started.
• We have to be little cautious only if nifty gives close below 22200 spot levels till then we are good to go and trend remains buy on dips.
CMP: 22460.30
Moving AVG (EMA) 20 Hour & 40 Hour: 22500 & 22452
Moving AVG (EMA) 20 Day & 40 Day: 22665 & 22998
Support & Downside Range: 22320--22200
Resistance & Upside Range: 22680
Short Term Trend Reversal Level: --
Trading View Summary:
• It seems at yesterday high nifty have completed first 5 waves impulsive up where we got wave 1 and now nifty is giving pullback in wave-2 which can retrace minimum 22320 which is 50% retracement level and maximum 22200 which is 66% retracement level and anywhere between this support zone it should find stability. Once nifty crosses 22680 spot levels will get confirmation that wave 3 up move has started.
• We have to be little cautious only if nifty gives close below 22200 spot levels till then we are good to go and trend remains buy on dips.
