CMP: 22335.70
Moving AVG (EMA) 20 Hour & 40 Hour: 22381 & 22372
Moving AVG (EMA) 20 Day & 40 Day: 22176 & 21935
Support & Downside Range: 22225—22170--22100—22000
Resistance & Upside Range: 22402—22465--22526
Short Term Trend Reversal Level: -- 22225
Trading View Summary:
• In today's trading session key level to watch is 22225 spot as support.
• If bulls wants to stay in bullish direction then they must defend 22225 spot on closing basis, after opening if 22225 manage to hold then we may immediate see upside move towards minimum 22402 to 22465 & maximum 22526 spot levels.
• After opening if 22225 fail to hold on 30 mins to 1hr sustain basis then we may immediate open for downside levels 22170 to 22100 minimum & maximum 22000 spot levels.
• 22225 spot will be our highly cautious level to watch to manage the overall stock holding position, if we closes below 22225 spot then one must reduce some allocation from their overall portfolio and keep some cash in hand to buy at lower levels.
• Bulls are safe only close above 22402—22465 spot levels.