CMP: 22217.45
Moving AVG (EMA) 20 Hour & 40 Hour: 22084 & 22052
Moving AVG (EMA) 20 Day & 40 Day: 21881 & 21647
Support & Downside Range: 22163—22108—22064--22000
Resistance & Upside Range: 22325—22445—22505--22600
Short Term Trend Reversal Level: -- 21875
Trading View Summary:
• In today's intraday trading session key level to watch is 22163 spot support as long as nifty remains above this support intraday bias remains bullish for upside minimum 22325 to 22445 & max 22505 to 22600 levels.
• After opening if 22163 manage to break then we may get a pullback of yesterday's move and we may correct till minimum 22108 to 22064 & 22000 & this pullback levels are going to be bulls buying zone to stay on long side.
• NOW 21875 HAS BECOME A NEW TREND REVERSAL AND CAUTIOUS LEVELS AS LONG AS NIFTY REMAINS ABOVE THIS SUPPORT ZONE ONE CAN HOLD THEIR STOCK HOLDING POSITION & ALSO STAY ON LONG SIDE BY KEEPING 21875 AS THEIR PATTERN NEGATION LEVEL (STOP-LOSS)