NIFTY Spot View: 06/06/2025

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NIFTY Spot View: 06/06/2025
CMP: 24750.90
Moving AVG (EMA) 20 Hour & 40 Hour: 24691 & 24698
Moving AVG (EMA) 20 Day & 40 Day: 24640 & 24345
Support & Downside Range: 24460—24370—23950--23800
Resistance & Upside Range: 24900--25120—25250
Short Term Trend Reversal Level: --

Trading View Summary:
•  Ahead of today's RBI Policy key level to watch is 24460 spot levels. After policy if 24460 manage to hold and manage to move above 24900 then we may see a strong short covering rally ahead of weekends and nifty may try to move upside towards 25120 and above levels.
•  Whereas after Policy if nifty breaks 24460 then high chance is there this time downside RISK towards 23950 opens. So understand the importance of 24460 spot levels ahead of today's Event.

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