NIFTY Spot View: 21/07/2025
CMP: 24968.40
Moving AVG (EMA) 20 Hour & 40 Hour: 25071 & 25140
Moving AVG (EMA) 20 Day & 40 Day: 25206 & 25038
Support & Downside Range: 24900—24850 zone, 24730—24440
Resistance & Upside Range: 25250--25340
Short Term Trend Reversal Level: --
Trading View Summary:
• Last week nifty closes below 25000 and gave us a week closing. For today's session and sessions to come now bulls have only one key level to watch which is 24900—24850 spot levels on daily closing basis. If bulls manage to hold this support zone then once again bulls have a chance to give strong come back and move and close above 25250 we may see a short covering rally.
• Whereas if bulls fail to hold 24900—24850 then we may open big downside risk and can fall towards 24730 and below levels in days to come and short term trend may turn into sell on rise.
• So understand the importance of 24900—24850 spot levels here.
