Nifty Support & Resistance Levels for 05.06.2024
Huge selling was witnessed yesterday due to election results that did not align with exit polls. A big red candle on the daily chart broke almost all near supports of the last four months, breaking the channel and taking support at the daily demand zone of 21,137 - 21,459.
Support Levels:
Near Small Support (Daily): 21,137 - 21,459
Far Support (Daily): 20,769 - 20,950
Gap Zone Support (Daily): 20,267 - 20,508 (if further fall occurs)
Resistance Levels:
Intraday Resistance Zone (15m): 22,643 - 22,881
Major Resistance/Supply Zone (Daily): 23,062 - 23,338.70
Support Levels:
Near Small Support (Daily): 21,137 - 21,459
Far Support (Daily): 20,769 - 20,950
Gap Zone Support (Daily): 20,267 - 20,508 (if further fall occurs)
Resistance Levels:
Intraday Resistance Zone (15m): 22,643 - 22,881
Major Resistance/Supply Zone (Daily): 23,062 - 23,338.70
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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.