Nifty continued its upward journey and made a new All-Time High of 23,664 on Wednesday but closed negative at 23,516. The weekly trend (50 SMA) is positive, and the daily trend is still sideways.
Support Levels:
Near Support/Demand Zone (15m): 23,412 - 23,470
Further Down Support/Demand Zone (15m): 23,334 - 23,369
Far Support/Demand Zone (15m): 23,232 - 23,268
As the 75m trend (50 SMA) has turned sideways from an uptrend, it is advised to take confirmation entries for long trades at demand/support zones.
Resistance Levels:
Near Supply/Resistance Zone (5m): 23,611 - 23,636
Support Levels:
Near Support/Demand Zone (15m): 23,412 - 23,470
Further Down Support/Demand Zone (15m): 23,334 - 23,369
Far Support/Demand Zone (15m): 23,232 - 23,268
As the 75m trend (50 SMA) has turned sideways from an uptrend, it is advised to take confirmation entries for long trades at demand/support zones.
Resistance Levels:
Near Supply/Resistance Zone (5m): 23,611 - 23,636
