Nifty Intraday Support & Resistance Levels for 20.06.2024
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
Related publications
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.