CMP: 22544.70
Moving AVG (EMA) 20 Hour & 40 Hour: 22338 & 22345
Moving AVG (EMA) 20 Day & 40 Day: 22700 & 23017
Support & Downside Range: 22480—22420 zone, 22350—22320 zone, 22245
Resistance & Upside Range: 22625---22710 zone, 22825--22925
Short Term Trend Reversal Level: -- 23050
Trading View Summary:
• For today's intraday trading session key level to watch is 22480—22420 support zone.
• As long as NIFTY remains above this support zone its intraday trend remains bullish for upside minimum 22625 to 22710 and maximum 22825 to 22925 spot levels.
• Whereas after opening if nifty breaks 22480—22420 support zone 1hr sustain basis then ahead of weekends intraday trend remains sideways and nifty can spend time between 22420 to 22320 in most of the remaining hours of the day.
• IF BULLS ARE BACK THEN THEY SHOULD PROTECT 22215 TODAY AS WELL AS NEXT WEEK ON CLOSING BASIS.