Nifty Intraday Support & Resistance Levels for 04.10.2024
On Thursday, Nifty faced heavy selling pressure, opening gap down and failing to hold the near daily demand zone. It hit a low of 25,230.30 before closing at 25,250.10, losing a massive 546 points from the previous close. While the Weekly Trend (50 SMA) remains positive, the Daily Trend (50 SMA) has shifted to sideways from positive, indicating potential caution ahead.
Demand/Support Zones:
Near Demand/Support Zone (Daily): 24,753.15 - 25,130.50
Near Demand/Support Zone (125 min): 24,941.45 - 25,036.75
Supply/Resistance Zones:
Near Supply/Resistance Zone (15 min): 25,368.70 - 25,414.00
Far Supply/Resistance Zone (15 min): 25,500.95 - 25,545.00
Far Supply/Resistance Zone (125 min): 25,743.45 - 25,838.45
Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
Stay cautious, as volatility may continue!
Demand/Support Zones:
Near Demand/Support Zone (Daily): 24,753.15 - 25,130.50
Near Demand/Support Zone (125 min): 24,941.45 - 25,036.75
Supply/Resistance Zones:
Near Supply/Resistance Zone (15 min): 25,368.70 - 25,414.00
Far Supply/Resistance Zone (15 min): 25,500.95 - 25,545.00
Far Supply/Resistance Zone (125 min): 25,743.45 - 25,838.45
Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
Stay cautious, as volatility may continue!
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