Nifty Intraday Support & Resistance Levels for 18.09.2024

Sep 18, 2024

On Tuesday, Nifty opened with a gap up and traded in a narrow range throughout the day, closing at 25,418.55 with a gain of 35 points. This marks the first time Nifty has closed above 25,400. For the last four days, Nifty has been hovering around this level, suggesting that if the high is not broken with strong volume, we could see a correction down to 25,075. However, if Nifty breaks the new high (above 25,450) with volume, it may reach 25,640 in the short term. Both the Weekly and Daily Trends (50 SMA) remain positive.

Demand/Support Zones:
Near Demand/Support Zone (15 min): 25,355.95 - 25,383.90
Far Demand/Support Zone (15 min): 25,244.55 - 25,269.45
Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50
Far Demand/Support Zone (75 min): 24,885.15 - 25,072.55

Supply/Resistance Zones:
No Supply/Resistance zones are currently visible on the chart.

Sep 18, 2024

Trade closed: target reached

After hitting the 15m demand zone, Nifty rallied almost 100 points from its day low.