NIFTY Spot View: 25/06/2025
CMP: 25044.35
Moving AVG (EMA) 20 Hour & 40 Hour: 25051 & 24991
Moving AVG (EMA) 20 Day & 40 Day: 24869 & 24637
Support & Downside Range: 24980—24930 zone, 24870--24730
Resistance & Upside Range: 25250-25320 zone, 25450
Short Term Trend Reversal Level: --
Trading View Summary:
• In yesterday's session we gave breakout from a sideways consolidation zone after ceasefire news in the ongoing WAR but the news turns out to be fake and still the conflict is on which makes yesterday's high which is 25320 an important resistance to watch on the way up. Whereas on the downside 24980—24930 once again act as important support zone to watch on closing basis.
• Above 25320 close market starts negating the ongoing WAR situation and close below 24980—24930 we have to assume that market is worried with the ongoing situation.
• Currently market trend is news driven so it's very tough to take exact trend direction till we do not get a break through on either side with proper closing basis.
CMP: 25044.35
Moving AVG (EMA) 20 Hour & 40 Hour: 25051 & 24991
Moving AVG (EMA) 20 Day & 40 Day: 24869 & 24637
Support & Downside Range: 24980—24930 zone, 24870--24730
Resistance & Upside Range: 25250-25320 zone, 25450
Short Term Trend Reversal Level: --
Trading View Summary:
• In yesterday's session we gave breakout from a sideways consolidation zone after ceasefire news in the ongoing WAR but the news turns out to be fake and still the conflict is on which makes yesterday's high which is 25320 an important resistance to watch on the way up. Whereas on the downside 24980—24930 once again act as important support zone to watch on closing basis.
• Above 25320 close market starts negating the ongoing WAR situation and close below 24980—24930 we have to assume that market is worried with the ongoing situation.
• Currently market trend is news driven so it's very tough to take exact trend direction till we do not get a break through on either side with proper closing basis.
