NIFTY Spot View: 08/08/2025
CMP: 24596.15
Moving AVG (EMA) 20 Hour & 40 Hour: 24551 & 24623
Moving AVG (EMA) 20 Day & 40 Day: 24865 & 24911
Support & Downside Range: 24344.15—24185---23900
Resistance & Upside Range: 24670—24785—24852--24958
Short Term Trend Reversal Level: --
Trading View Summary:
• After seeing yesterday's recovery we have to assume that our market is absorbing the current trade war situation. Which is also indicating that yesterday's low 24344.15 is now very key important support to watch. As long as nifty holds this support zone we have to assume that we have got pause in ongoing selling and now we are ready to move upside.
• Ahead of weekends if we get today's close above or between 24670—24785 then it consider a good closing to carry the longs overnight.
CMP: 24596.15
Moving AVG (EMA) 20 Hour & 40 Hour: 24551 & 24623
Moving AVG (EMA) 20 Day & 40 Day: 24865 & 24911
Support & Downside Range: 24344.15—24185---23900
Resistance & Upside Range: 24670—24785—24852--24958
Short Term Trend Reversal Level: --
Trading View Summary:
• After seeing yesterday's recovery we have to assume that our market is absorbing the current trade war situation. Which is also indicating that yesterday's low 24344.15 is now very key important support to watch. As long as nifty holds this support zone we have to assume that we have got pause in ongoing selling and now we are ready to move upside.
• Ahead of weekends if we get today's close above or between 24670—24785 then it consider a good closing to carry the longs overnight.
