Nifty Intraday Support & Resistance Levels for 28.10.2024

On Friday, Nifty opened slightly positive but faced heavy selling pressure, hitting a low of 24,073.90 before closing at 24,180.80, down 218 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Nifty dipped deep into the weekly demand zone (23,893.70 - 24,419.75), even breaching the daily demand zone (24,099.70 - 24,196.50) before recovering around 150 points from bottom in the final hour of trading.

Demand/Support Zones:
Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 (current price within zone)
Far Demand/Support Zone (Daily): 23,350 - 23,667.10

Supply/Resistance Zones:
Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45
Near Supply/Resistance Zone (Daily): 24,664.95 - 24,978.30