CMP: 24188.65
Moving AVG (EMA) 20 Hour & 40 Hour: 23874 & 23835
Moving AVG (EMA) 20 Day & 40 Day: 24018 & 24166
Support & Downside Range: 24109—24035--23910
Resistance & Upside Range: 24340—24660
Short Term Trend Reversal Level: --
Trading View Summary:
• In yesterday's session we saw a strong rally in the market which has changed the dynamics of short term trend for time being. Now key level for intraday to watch is 23910 spot levels and 24109—24035 as key intraday trading supports.
• As long as nifty remains above 23910 spot levels trend remains bullish for upside minimum 24340 & if nifty manage to close above 24340 then rally can get extend towards 24660 spot levels.
• Whereas after opening if nifty fail to move above 24340 and breaks 23910 then once again we may see a selling pressure to build in the markets.