Nifty Intraday Support & Resistance Levels for 07.11.2024
On Wednesday, Nifty opened with a gap-up, breaking through the 75-minute supply zone and advancing into the 125-minute supply zone. It reached a high of 24,537.60, closing at 24,484.05 with a strong gain of 270 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 Support (15m): 24,281.90 - 24,333.65
Near Support (30m): 23,842.75 - 23,951.10
Near Support (Daily): 23,350 - 23,667.10
Far Support: 23,189.88 (61.8% FIBO Level)
Deep Support (Daily): 22,642.60 - 22,910.15
Supply/Resistance Zones
Near Resistance (125m): 24,502.80 - 24,604.25
Near Resistance (75m): 24,636.75 - 24,741.45
Key Resistance (Daily): 24,567.65 - 24,978.30
Demand/Support Zones
Near Support (15m): 24,281.90 - 24,333.65
Near Support (30m): 23,842.75 - 23,951.10
Near Support (Daily): 23,350 - 23,667.10
Far Support: 23,189.88 (61.8% FIBO Level)
Deep Support (Daily): 22,642.60 - 22,910.15
Supply/Resistance Zones
Near Resistance (125m): 24,502.80 - 24,604.25
Near Resistance (75m): 24,636.75 - 24,741.45
Key Resistance (Daily): 24,567.65 - 24,978.30
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.