Nifty Intraday Support & Resistance Levels for 13.01.2025
On Friday, Nifty opened flat to positive but experienced a highly volatile session. It initially rose to a high of 23,596 before dipping sharply to the day’s low of 23,344.35. A late-session recovery pushed it back to 23,596.60, but another drop near the day’s low followed, with Nifty closing at 23,431.50, down by 95 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative, indicating caution.
Demand/Support Zones
Near Support Level: 23,263 (low of 21st November 2024)
Far Support Level: 23,189.88 (61.8% FIBO retracement)
Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15
Supply/Resistance Zones
Near Supply/Resistance Zone (75m): 23,645.05 - 23,726.85
Near Supply/Resistance Zone (15m): 23,966.95 - 24,054.30 (inside Daily Supply Zone)
Near Supply/Resistance Zone (Daily): 23,976 - 24,196.45
Far Supply/Resistance Zone (Daily): 24,601.75 - 24,781.25 (inside Weekly Supply Zone)
Far Supply/Resistance Zone (Weekly): 24,180.80 - 24,792.30
Outlook
Nifty's price action suggests it may face strong resistance near 23,645 - 23,727 and critical support at 23,263. A decisive move beyond these levels could set the tone for the upcoming sessions.
Demand/Support Zones
Near Support Level: 23,263 (low of 21st November 2024)
Far Support Level: 23,189.88 (61.8% FIBO retracement)
Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15
Supply/Resistance Zones
Near Supply/Resistance Zone (75m): 23,645.05 - 23,726.85
Near Supply/Resistance Zone (15m): 23,966.95 - 24,054.30 (inside Daily Supply Zone)
Near Supply/Resistance Zone (Daily): 23,976 - 24,196.45
Far Supply/Resistance Zone (Daily): 24,601.75 - 24,781.25 (inside Weekly Supply Zone)
Far Supply/Resistance Zone (Weekly): 24,180.80 - 24,792.30
Outlook
Nifty's price action suggests it may face strong resistance near 23,645 - 23,727 and critical support at 23,263. A decisive move beyond these levels could set the tone for the upcoming sessions.
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