Nifty Intraday Support & Resistance Levels for 06.08.2024

On Monday, Nifty dropped significantly, closing 662 points negative. The weekly trend (50 SMA) remains positive, but the daily trend (50 SMA) has turned sideways.

Support Levels:
Major demand/support zone (Daily): 23350 - 23667

Resistance Levels:
Near Supply/Resistance zone (15m): 24256 - 24338
Far Supply/Resistance Zone (75m): 24754 - 24835