NIFTY Spot View: 02/07/2025
CMP: 25541.80
Moving AVG (EMA) 20 Hour & 40 Hour: 25517 & 25420
Moving AVG (EMA) 20 Day & 40 Day: 25120 & 24829
Support & Downside Range: 25500—25475 zone, 25405--25330
Resistance & Upside Range: 25760—25900--26300
Short Term Trend Reversal Level: -- 24980
Trading View Summary:
• Since last two trading session nifty is defending our support of 25500 on sustain and closing basis. For today's session 25500—25475 is crucial support to watch on 1hr sustain basis if this manage to hold then once again we may try to move upside towards 25760 and above levels. Whereas after opening if 25500—25475 breaks on sustain basis then we may see another sideways session and can retest 25405 minimum to max 25330 levels.
CMP: 25541.80
Moving AVG (EMA) 20 Hour & 40 Hour: 25517 & 25420
Moving AVG (EMA) 20 Day & 40 Day: 25120 & 24829
Support & Downside Range: 25500—25475 zone, 25405--25330
Resistance & Upside Range: 25760—25900--26300
Short Term Trend Reversal Level: -- 24980
Trading View Summary:
• Since last two trading session nifty is defending our support of 25500 on sustain and closing basis. For today's session 25500—25475 is crucial support to watch on 1hr sustain basis if this manage to hold then once again we may try to move upside towards 25760 and above levels. Whereas after opening if 25500—25475 breaks on sustain basis then we may see another sideways session and can retest 25405 minimum to max 25330 levels.
