Nifty Intraday Support & Resistance Levels for 24.01.2025

On Thursday, Nifty witnessed a steady session, opening flat to negative but finding support at 23,090.65 during the first 15 minutes. From there, it rallied to a day high of 23,270.80 before closing at 23,215.20, gaining 50 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative.

Demand/Support Zones
Near Demand/Support Zone (5m): 23,100.20 - 23,127.45
Near Demand/Support Zone (15m): 22,986 - 23,029.55
Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15

Supply/Resistance Zones
Near Supply/Resistance Zone (5m): 23,349.20 - 23,421.25
Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20
Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85 (inside the Daily Supply Zone)
Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45

Outlook
Nifty’s ability to hold the 23,100 support zone indicates resilience, while on upper side, resistance around 23,350 - 23,400 could pose a challenge for further upside. A breakout above 23,500 may signal a move toward higher resistance levels near 23,650 - 23,800.