NIFTY Spot View: 06/05/2025

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NIFTY Spot View: 06/05/2025
CMP: 24461.15
Moving AVG (EMA) 20 Hour & 40 Hour: 24399 & 24318
Moving AVG (EMA) 20 Day & 40 Day: 23847 & 23537
Support & Downside Range: 24235—24150—24055---23850--23500
Resistance & Upside Range: 24855—25165--25475
Short Term Trend Reversal Level: --

Trading View Summary:

•  For today's intraday trading session key level to watch is 24235—24150 support zone.
•  After opening if 24235--24150 manage to hold on 1hr sustain basis then we may once again moves upside towards minimum 24855 to maximum 25165 to 25475 spot levels.
•  Whereas after opening if 24235--24150 breaks on 1hr sustain basis then we may see a drop towards 24050 and lower levels as part of pullback.

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