Nifty Intraday Support & Resistance Levels for 13.11.2024

On Tuesday, Nifty opened with a gap up, reaching a high of 24,242 but failed to hold gains, dropping 400 points from the peak to a low of 23,839.15, breaking below the 30m demand zone. It closed at 23,883.45, down by 258 points. The Weekly Trend (50 SMA) is sideways, while the Daily Trend (50 SMA) remains negative. As noted in previous posts, Nifty continues to be a "Sell on Rise" market until trends shift. Since reaching 24,537.60 last week, Nifty has declined steadily, losing 700 points over the past five trading days.

Demand/Support Zones
Near Support (Daily): 23,350 - 23,667.10
Deeper Support: 23,189.88 (61.8% FIBO)
Major Support (Daily): 22,642.60 - 22,910.15

Supply/Resistance Zones
Near Resistance (75m): 24,106.90 - 24,242.00
Mid Resistance (75m): 24,447.65 - 24,537.60
Further Resistance (75m): 24,636.75 - 24,741.45
Key Resistance (Daily): 24,567.65 - 24,978.30
Extended Resistance (Daily): 25,739.20 - 25,907.60