Trading Tip : Nifty

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NIFTY Spot View: 04/03/2025
CMP: 22119.30
Moving AVG (EMA) 20 Hour & 40 Hour: 22250 & 22412
Moving AVG (EMA) 20 Day & 40 Day: 22828 & 23128
Support & Downside Range: 22006—21800--21555
Resistance & Upside Range: 22300—22450--22507
Short Term Trend Reversal Level: -- 23050

Trading View Summary:
•  Correction which started from 26275 high has achieved its equality at yesterday's low which was 22006 spot and posted a low of 22004 and we got a good intraday recovery. Currently nifty daily rsi is trading at 22 & weekly rsi is trading at 34. If markets wants to give more extension and want weekly RSI below 30 then we can fall more and we cannot denied it.
•  So for today's intraday trading session key level to watch is 22006 spot on daily closing basis.
•  After opening if nifty manage to hold 22006 on sustain and closing basis then we may immediate moves upside towards 22300 and above levels.
•  Whereas if nifty fail to hold 22006 then we may see more lower levels with oversold breath and can fall towards 21800 to 21555 spot levels.

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