#NIFTY Spot View
Moving AVG (EMA) 20 Hour & 40 Hour: 24624 & 24666
Moving AVG (EMA) 20 Day & 40 Day: 24735 & 24800
Short Term Trend Reversal Level: --
24520 — 24480 zone, 24400 — 24330 — 24175
24760 — 24860 — 25025
Trading View Summary
- In the weekly expiry session, NIFTY witnessed a steep sell-off in the second half, retracing 0.66% at yesterday’s low.
- For today’s session, the 24520—24480 support zone is the key level to watch.
- If this zone holds after opening, NIFTY may once again move upwards towards 24760 and higher levels.
- If 24520—24480 breaks and sustains for 30 minutes to 1 hour, further downside is likely towards 24400—24330 and possibly 24175.
- Thus, the 24520—24480 zone is crucial for determining market direction today.
Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services