Nifty Intraday Support & Resistance Levels for 06.01.2025
On Friday, Nifty opened flat and experienced a volatile session. It made a high of 24,196.45 but faced selling pressure from the daily supply zone, causing a drop to a low of 23,976. It closed at 24,004.75, losing 184 points compared to the previous close. Both the Weekly Trend and Daily Trend (50 SMA) remain sideways.
Demand/Support Zones
Near Demand/Support Zone (30m): 23,916.70 - 23,974.15
Near Demand/Support Zone (125m): 23,678.35 - 23,822.80
Far 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 (15m): 24,164.90 - 24,210.30
Near Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 (tested)
Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested)
Demand/Support Zones
Near Demand/Support Zone (30m): 23,916.70 - 23,974.15
Near Demand/Support Zone (125m): 23,678.35 - 23,822.80
Far 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 (15m): 24,164.90 - 24,210.30
Near Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 (tested)
Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested)
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