Nifty Intraday Support & Resistance Levels for 11.09.2024

On Tuesday, Nifty opened with a gap up, reaching a high of 25130.50, touching the 75m supply zone mentioned in the previous post. It then fell over 100 points from the top, closing at 25041.10, gaining 104 points from the previous day's close. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways.

Support Levels:
Near Demand/Support Zone (30m): 24908 - 24961
Far Demand/Support Zone (75m): 24678.80 - 24745.50
Far Demand/Support Zone (Daily): 24523 - 24636
Far Support: 24444 (61.8% FIBO retracement of the last rally)
Far Demand/Support Zone (Weekly): 23893.70 - 24367.50

Resistance Levels:
Near Supply/Resistance Zone (30m): 25095.45 - 25130.50
Far Supply/Resistance Zone (75m): 25127.75 - 25198.60 (tested)
Far Supply/Resistance Zone (Daily): 25235.80 - 25321.65