Nifty Intraday Support & Resistance Levels for 22.11.2024
On Thursday, Nifty opened on a negative note, reaching a high of 23,507.30 before tumbling to a day low of 23,263.15 within the first 30 minutes, breaking the Daily Demand Zone support at 23,350. It closed at 23,349.90, down by 168 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative.
The break below the daily demand zone signals ongoing selling pressure, with potential for further downside unless key support levels hold.
Demand/Support Zones
Near Support: 23,189.88 (61.8% Fibonacci level)
Far Support Zone (Daily): 22,642.60 - 22,910.15
Supply/Resistance Zones
Near Resistance (15m): 23,686.15 - 23,726.90
Far Resistance (30m): 23,908.65 - 23,992.50
Far Resistance (75m): 24,106.90 - 24,242.00
Far Resistance (75m): 24,447.65 - 24,537.60
Far Resistance (75m): 24,636.75 - 24,741.45
The break below the daily demand zone signals ongoing selling pressure, with potential for further downside unless key support levels hold.
Demand/Support Zones
Near Support: 23,189.88 (61.8% Fibonacci level)
Far Support Zone (Daily): 22,642.60 - 22,910.15
Supply/Resistance Zones
Near Resistance (15m): 23,686.15 - 23,726.90
Far Resistance (30m): 23,908.65 - 23,992.50
Far Resistance (75m): 24,106.90 - 24,242.00
Far Resistance (75m): 24,447.65 - 24,537.60
Far Resistance (75m): 24,636.75 - 24,741.45
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