Nifty Spot View: 19/08/2025
CMP: 24876.95
Moving AVG (EMA) 20 Hour & 40 Hour: 24765 & 24687
Moving AVG (EMA) 20 Day & 40 Day: 24753 & 24832
Support & Downside Range: 24860—24800 zone, 24674--24593
Resistance & Upside Range: 25060—25160--25250
Short Term Trend Reversal Level: --
Trading View Summary:
• If bulls are alive then they must defend 24860—24800 spot levels on daily closing basis this entire week and they should not even touch 24674 spot levels. Whereas on the way up if bulls manage to hold our support zone then to complete the impulsive up move they should move higher towards 25060 minimum to max 25160—25250 spot levels to complete the 5 wave formation from the recent low of 24337 spot levels.
