NIFTY Spot View: 04/11/2024
CMP: 24304.35
Moving AVG (EMA) 20 Hour & 40 Hour: 24295 & 24344
Moving AVG (EMA) 20 Day & 40 Day: 24652 & 24820
Support & Downside Range: 24172---24073 Zone, 23890—23800 zone
Resistance & Upside Range: 24500—24600 zone, 24695--24920
Short Term Trend Reversal Level: -- 25235
Trading View Summary:
• This week is going to be crucial week to get the clarity of the world market trend for next couple of months as US election results starts from 6th NOV & also FED Outcome is there.
• For today's intraday trading session key level to watch is 24172—24073 as support. If this support zone manage to hold then nifty may tries to move towards 24500 to 24600 spot levels.
• Whereas after opening if 24172—24073 breaks on 1hr sustain and closing basis then we may see more downside corrective pullback towards 23890 to 23800 and below levels and market trend remains on a weaker side for next more couple of days.
CMP: 24304.35
Moving AVG (EMA) 20 Hour & 40 Hour: 24295 & 24344
Moving AVG (EMA) 20 Day & 40 Day: 24652 & 24820
Support & Downside Range: 24172---24073 Zone, 23890—23800 zone
Resistance & Upside Range: 24500—24600 zone, 24695--24920
Short Term Trend Reversal Level: -- 25235
Trading View Summary:
• This week is going to be crucial week to get the clarity of the world market trend for next couple of months as US election results starts from 6th NOV & also FED Outcome is there.
• For today's intraday trading session key level to watch is 24172—24073 as support. If this support zone manage to hold then nifty may tries to move towards 24500 to 24600 spot levels.
• Whereas after opening if 24172—24073 breaks on 1hr sustain and closing basis then we may see more downside corrective pullback towards 23890 to 23800 and below levels and market trend remains on a weaker side for next more couple of days.
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