NIFTY Spot View: 16/06/2025
CMP: 24718.60
Moving AVG (EMA) 20 Hour & 40 Hour: 24869 & 24913
Moving AVG (EMA) 20 Day & 40 Day: 24791 & 24510
Support & Downside Range: 24460—24360--23900
Resistance & Upside Range: 25250--25450
Short Term Trend Reversal Level: --
Trading View Summary:
• Once again in last Friday's session NIFTY posted a low around 24460 support zone and bounce back which makes 24460 a crucial level to watch on the ways down. After opening if 24460 mange to hold then once again we may try to find the stability and try to move upside towards 25250 and above levels in days to come. Close below 24460—24360 we may see selling pressure to increase in the markets and we may open downside level 23900.
CMP: 24718.60
Moving AVG (EMA) 20 Hour & 40 Hour: 24869 & 24913
Moving AVG (EMA) 20 Day & 40 Day: 24791 & 24510
Support & Downside Range: 24460—24360--23900
Resistance & Upside Range: 25250--25450
Short Term Trend Reversal Level: --
Trading View Summary:
• Once again in last Friday's session NIFTY posted a low around 24460 support zone and bounce back which makes 24460 a crucial level to watch on the ways down. After opening if 24460 mange to hold then once again we may try to find the stability and try to move upside towards 25250 and above levels in days to come. Close below 24460—24360 we may see selling pressure to increase in the markets and we may open downside level 23900.
