Nifty Intraday Support & Resistance Levels for 05.11.2024
On Monday, Nifty opened slightly negative and saw a sharp decline of nearly 500 points, reaching a low of 23,816.15 before closing at 23,995.35, down by 309 points from the previous close. With the Weekly Trend (50 SMA) sideways and the Daily Trend (50 SMA) negative, Nifty has broken below its weekly demand zone, indicating potential further downside. Any rise could present short-term selling opportunities.
Demand/Support Zones
Near Demand/Support (Daily): 23,350 - 23,667.10
Far Support: 23,189.88 (61.8% FIBO)
Extended Demand/Support (Daily): 22,642.60 - 22,910.15
Supply/Resistance Zones
Near Supply/Resistance (15m): 24,063.95 - 24,107.55
Near Supply/Resistance (30m): 24,280.20 - 24,356.25
Near Supply/Resistance (125m): 24,502.80 - 24,604.25
Extended Supply/Resistance (75m): 24,636.75 - 24,741.45
Extended Supply/Resistance (Daily): 24,664.95 - 24,978.30
Demand/Support Zones
Near Demand/Support (Daily): 23,350 - 23,667.10
Far Support: 23,189.88 (61.8% FIBO)
Extended Demand/Support (Daily): 22,642.60 - 22,910.15
Supply/Resistance Zones
Near Supply/Resistance (15m): 24,063.95 - 24,107.55
Near Supply/Resistance (30m): 24,280.20 - 24,356.25
Near Supply/Resistance (125m): 24,502.80 - 24,604.25
Extended Supply/Resistance (75m): 24,636.75 - 24,741.45
Extended Supply/Resistance (Daily): 24,664.95 - 24,978.30
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