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Nifty 50 Index

Nifty Intraday Support & Resistance Levels for 05.08.2024

119
On Friday, Nifty opened gap down, took support at the 15m demand zone mentioned in the previous post, and bounced up more than 100 points before closing at 24717.70 (293 points negative). The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) is positive.

Support Levels:
Near Demand/Support Zone (30m): 24624 - 24657
Major Demand/Support Zone (125m): 24296 - 24426

Resistance Levels:
Near Supply/Resistance Zone (125m): 24956 - 25031
PriteshPalan
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NIFTYniftyintradaysetupniftyintradaytradesetupniftylevelsniftyoutlookniftypredictionniftytradesetupniftytrendSupply and DemandSupport and ResistanceTrend Analysis
PriteshPalan
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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.