Nifty Intraday Support & Resistance Levels for 05.07.2024
Nifty opened gap-up and made a new all-time high of 24,401 but closed flat with just a 15-point gain. The weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near Small Support/Demand Zone (15m): 24,239 - 24,267
Multiple Timeframe Support Zones near Gap Level (24,123 - 24,207): This indicates that 24,000 - 24,200 will be a major support in the short term, and we might see a bounce from these levels.
Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148
Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150
Support/Demand Zone (15m): 23,985 - 24,912
Major Support/Demand Zone (Daily): 23,350 - 23,667
Resistance Levels:
Near Small Supply/Resistance Zone: 24,377 - 24,401
Currently, there is no additional supply zone seen on the chart.
Support Levels:
Near Small Support/Demand Zone (15m): 24,239 - 24,267
Multiple Timeframe Support Zones near Gap Level (24,123 - 24,207): This indicates that 24,000 - 24,200 will be a major support in the short term, and we might see a bounce from these levels.
Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148
Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150
Support/Demand Zone (15m): 23,985 - 24,912
Major Support/Demand Zone (Daily): 23,350 - 23,667
Resistance Levels:
Near Small Supply/Resistance Zone: 24,377 - 24,401
Currently, there is no additional supply zone seen on the chart.
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