Nifty Spot View: 17/01/2024
CMP: 22032.30
Moving AVG (EMA) 20 Hour & 40 Hour: 21995 & 21894
Moving AVG (EMA) 20 Day & 40 Day: 21572 & 21145
Support & Downside Range: 22005---21969 zone, 21903—21868 zone, 21788--21680
Resistance & Upside Range: 22072--22125—22307--22350
Short Term Trend Reversal Level: -- 21448
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Trading View: In today's trading session key level to watch is 22072—22126 spot as rest as long as nifty remains below this rest zone its intraday bias remains sideways to weaker side and we can fall intraday downside minimum 21868 to 21788 minimum and max 21680 spot levels whereas after opening if 22072—22126 manage to break and we get proper 30 mins to 1hr sustain above this rest zone then we have to consider that bulls are In hurry and once again with very shallow pull back we are heading higher towards 22307-22350 as next intraday projection and trend remains bullish only so understand the importance of 22072—22126 rest on intraday basis and act accordingly.