Nifty Spot View: 10/05/2023
CMP: 18265.95
Support & Downside Range: 18229---18160—18055-18042 zone
Resistance & Upside Range: 18305—18350---18450
Short Term Trend Reversal Level: -- 18055--18042
Trading View: In today's session key support level to watch is 18229 spot and key resistance level to watch is 18305 spot , if we break 18229 spot then we may see selling pressure to come towards minimum 18160 and max 18055—18042 as a part of profit booking and cooling of the recent up move, on other hand if we break and sustain above 18305 then we may again goes sideways and may trade in range of 18305 to 18350 only break above 18350 we may see more upside move towards 18450 spot levels.
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Nifty live update CMP 18254 : it respected our support of 18208 now here two levels to watch 18255 and 18285 if this manage to hold and we break again 18212—18208 then selling pressure again gets intense towards 18137—18055-42 and if bulls manage to cross 18285 then again ahead of expiry we may end day in sideways mode so watch how 18255-18285 rest acts and 18208 support acts here as long as it remains between 18208 to 18285 the premium of 18250 call and put combined goes weak
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