How NIFTY Spot Levels Signal Key Support and Resistance for Traders?

NIFTY Spot View: 02/09/2025

Key Levels & Moving Averages

CMP: 25625.05
Moving AVG (EMA) 20 Hour & 40 Hour: 24593 & 24669
Moving AVG (EMA) 20 Day & 40 Day: 24751 & 24812
Support & Downside Range: 24560—24500--24330
Resistance & Upside Range: 24674—24720 zone, 24860--25025
Short Term Trend Reversal Level: --

Trading View Summary

• After yesterday’s strong recovery, the key intraday levels to watch are 24860 as resistance and 24560—24500 as support.

• If NIFTY manages to hold 24560 after opening, we may see upside moves towards minimum 24674–24720 and maximum 24860 spot levels.

• If NIFTY breaks 24560 after opening, the trend may turn weak, and we may revisit 24330 and lower levels.

Investor Takeaway

NIFTY remains in a crucial zone where 24560 support and 24860 resistance will dictate intraday direction. Holding support levels can trigger an upside bounce, while breaking support may invite further weakness.

Tags: NIFTY, Intraday, Spot View, Support & Resistance, EMA

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