Nifty Intraday Support & Resistance Levels for 15.01.2025

On Tuesday, as anticipated, Nifty opened gap-up, dipped to a low of 23,134.15, and rallied to a high of 23,264.95, narrowly missing the supply zone by 10 points. However, it retraced back to near its low and closed at 23,176.05, gaining 90 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative.

Demand/Support Zones
Near Demand/Support Zone (30m): 23,063.25 - 23,122.80
Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15

Supply/Resistance Zones
Near Minor Supply/Resistance Zone (15m): 23,275 - 23,340.95
Near Supply/Resistance Zone (30m): 23,396.85 - 23,454.65
Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20

Outlook
If the 30m demand zone holds firm, Nifty may attempt to reach 23,400 or even 23,500 in the upcoming sessions.