Nifty Intraday Support & Resistance Levels for 09.07.2024

On Monday, Nifty took support at the 15m demand zone (24,204 - 24,244) mentioned in the last post and bounced back to a day high of 24,344.60. The weekly and daily trends (50 SMA) remain positive.

Support Levels:
Near Support/Demand Zone (5m): 24,204.20 - 24,222.65
Far Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148
Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150
Major Support/Demand Zone (Daily): 23,350 - 23,667
In the coming days, the 24,000 - 24,200 range will be the major support in the short term.

Resistance Levels:
Near Small Supply/Resistance Zone (30m): 24,372 - 24,401