Nifty Intraday Support & Resistance Levels for 21.01.2025

On Monday, Nifty opened gap-up, hit a low of 23,170.65, and rallied to a high of 23,391.10 before closing at 23,344.75, gaining 141 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative.

Demand/Support Zones
Near Demand/Support Zone (15m): 23,245.50 - 23,282.95
Near Demand/Support Zone (Daily): 21,791.95 - 22,910.15

Supply/Resistance Zones
Near Supply/Resistance Zone (30m): 23,396.85 - 23,454.65
Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20
Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85
Far Supply/Resistance Zone (Daily): 23,976.00 - 24,196.45

Outlook
Nifty bounced strongly after finding support at the 30m Demand Zone (23,063.25 - 23,122.80) on 17th January and today retested the 23,400 levels. If the 15m Demand Zone (23,245.50 - 23,282.95) holds firm, there’s potential for a bullish rally towards 23,496 or even 23,645 in the coming sessions.