NIFTY Spot View: 23/05/2025
CMP: 24609.70
Moving AVG (EMA) 20 Hour & 40 Hour: 24699 & 24737
Moving AVG (EMA) 20 Day & 40 Day: 24468 & 24081
Support & Downside Range: 24460--23900
Resistance & Upside Range: 24840—24945--25120
Short Term Trend Reversal Level: --
Trading View Summary:
• In yesterday's session nifty broke 24500 spot levels on intraday basis but manage to hold on closing basis. So now we have to levels too watch today which is 24500 on closing basis and 24460 which is yesterday's low on intraday basis. If this support manage to hold then once again nifty may try to move upside towards 24840 and above levels.
• Whereas after opening if 24500 and 24460 breaks then we may see further selling pressure in the markets which may take nifty towards 23900 levels as part of pullback.
CMP: 24609.70
Moving AVG (EMA) 20 Hour & 40 Hour: 24699 & 24737
Moving AVG (EMA) 20 Day & 40 Day: 24468 & 24081
Support & Downside Range: 24460--23900
Resistance & Upside Range: 24840—24945--25120
Short Term Trend Reversal Level: --
Trading View Summary:
• In yesterday's session nifty broke 24500 spot levels on intraday basis but manage to hold on closing basis. So now we have to levels too watch today which is 24500 on closing basis and 24460 which is yesterday's low on intraday basis. If this support manage to hold then once again nifty may try to move upside towards 24840 and above levels.
• Whereas after opening if 24500 and 24460 breaks then we may see further selling pressure in the markets which may take nifty towards 23900 levels as part of pullback.
