Nifty Intraday Support & Resistance Levels for 17.03.2025

Thursday’s session saw Nifty opening with a gap-up, touching a high of 22,558.05, but it couldn’t sustain the momentum and dropped to a low of 22,377.35 by the end of the day. It closed at 22,397.20, losing 73 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain negative.

Demand/Support Zones
Near Minor Demand/Support Zone (15m): 22,329.55 - 22,370.20
Near Demand/Support Zone (Daily): 21,964.60 - 22,261.55
Far Support: 21,281.45 (Low of 4th June 2024)
Far Demand/Support Zone (Daily): 20,769.50 - 20,950

Supply/Resistance Zones
Near Minor Supply/Resistance Zone (75m): 22,595.90 - 22,676.75
Far Supply/Resistance Zone (Weekly): 23,222 - 23,807.30

Outlook
The outlook remains unchanged from the previous update—if the Daily Demand Zone support holds, we might see Nifty testing 22,885 or even 23,100 in the coming days. However, continued selling pressure at resistance zones could keep the index range-bound.