Nifty Intraday Support & Resistance Levels for 30.12.2024

On Friday, Nifty opened with a gap-up at 23,801.40, briefly dipped to a low of 23,800.60, and climbed to a high of 23,938.85, entering the 75m supply zone. However, selling pressure pushed it back down to close at 23,813.40, securing a modest gain of 63 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 (15m): 23,537.35 - 23,632.30
Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested)
Far Support Levels:
- 23,263 (low of 21st November 2024)
- 23,189.88 (61.8% FIBO retracement)
Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15

Supply/Resistance Zones
Near Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45
Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested)

Outlook
Nifty’s journey into the 75m supply zone shows the current resistance levels. Watch for a break above the daily resistance zone of 24,149.85 - 24,394.45 for potential bullish momentum. On the downside, the 75m demand zone at 23,447.15 - 23,578.60 will be crucial for support.