Nifty Intraday Support & Resistance Levels for 22.07.2024

2024년 7월 22일

On Friday, Nifty opened gap up at an all-time high of 24584.80 but did not sustain and fell more than 300 points from the top, closing at 24530.90. It did not respect any intraday demand zones mentioned in the earlier post due to heavy profit booking ahead of the Budget session scheduled for today. The weekly trend (50 SMA) remains overbought, and the daily trend (50 SMA) remains positive.

Support Levels:
Near support/demand zone (125m) for weekly trade: 24193 - 24357
Major support/demand zone (Daily): 24141 - 24461

Resistance Levels:
Near supply/resistance zone (15m): 24741 - 24774
Near supply/resistance zone (75m) for weekly trade: 24774 - 24854.80

2024년 7월 22일

노트

Budget Session scheduled on 23rd July.