On Friday, Nifty opened gap-down but found support at the gap level (24,123 - 24,207) and bounced back to close with a gain of 22 points at 24,323.85. The weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near Small Support/Demand Zone (15m): 24,204 - 24,244
Far Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148
Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150
Major Support/Demand Zone (Daily): 23,350 - 23,667
In the coming days, the 24,000 - 24,200 range will be a major support in the short term.
Resistance Levels:
Near Small Supply/Resistance Zone (30m): 24,372 - 24,401
Support Levels:
Near Small Support/Demand Zone (15m): 24,204 - 24,244
Far Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148
Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150
Major Support/Demand Zone (Daily): 23,350 - 23,667
In the coming days, the 24,000 - 24,200 range will be a major support in the short term.
Resistance Levels:
Near Small Supply/Resistance Zone (30m): 24,372 - 24,401
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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.