Nifty Intraday Support & Resistance Levels for 01.08.2024
On Wednesday, Nifty made its third failed attempt to cross the 25000 mark but closed higher at 24951.15. The weekly trend (50 SMA) remains overbought, and the daily trend (50 SMA) is positive. The support and resistance levels remain the same as mentioned in the last post:
Support Levels:
Near Demand/Support Zone (15m): 24711 - 24734
Near Demand/Support Zone (30m): 24624 - 24657
Major Demand/Support Zone (125m): 24296 - 24426
Resistance Levels:
Near Supply/Resistance Zone (15m): 24974 - 25000 (tested yesterday)
Support Levels:
Near Demand/Support Zone (15m): 24711 - 24734
Near Demand/Support Zone (30m): 24624 - 24657
Major Demand/Support Zone (125m): 24296 - 24426
Resistance Levels:
Near Supply/Resistance Zone (15m): 24974 - 25000 (tested yesterday)
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