NIFTY Spot View: 22/05/2025

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NIFTY Spot View: 22/05/2025
CMP: 24813.45
Moving AVG (EMA) 20 Hour & 40 Hour: 24835 & 24809
Moving AVG (EMA) 20 Day & 40 Day: 24453 & 24054
Support & Downside Range: 24670—24500--23900
Resistance & Upside Range: 25250—25375--25710
Short Term Trend Reversal Level: -- 24500

Trading View Summary:
•  For today's intraday trading session key level to watch is 24670 on daily closing basis if this breaks on closing basis then downside risk opens for 24500 minimum to maximum 23900 levels as part of pullback. Whereas if 24700 manage to hold then once again with shallow pullback we may continue to move higher towards 25250 and higher levels.

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