Nifty Intraday Support & Resistance Levels for 05.12.2024

On Wednesday, Nifty opened on a positive note, reaching a high of 24573.20, breaking above the 75m supply zone and testing the Weekly supply zone. However, selling pressure pushed it to a low of 24366.30. Nifty eventually closed at 24467.45, gaining 10 points from the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating a neutral outlook.

Demand/Support Zones
Near Demand/Support Zone (30m): 24300.05 - 24348.35
Near Demand/Support Zone (30m): 24140 - 24187.05
Far Demand/Support Zone (15m): 23661.75 - 23731.25
Far Demand/Support Zone (75m): 23447.15 - 23578.60

Supply/Resistance Zones
Near Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (Tested)
Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Tested)
Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside Daily supply)