Nifty Intraday Support & Resistance Levels for 29.11.2024

On Thursday, Nifty opened flat, hit a high of 24345.75, and then saw a sharp decline below 24000, making a low of 23873.35 as it tested the 15m demand zone. It closed at 23914.15, losing 360 points from the previous close.

Breaking below the key 24100 support (3-day low) triggered a strong downward move, dragging Nifty over 200 points. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, signaling caution.

Demand/Support Zones
Near Demand/Support Zone (15m): 23856.15 - 23940.30 (tested yesterday)
Near Demand/Support Zone (15m): 23661.75 - 23731.25
Far Demand/Support Zone (75m): 23447.15 - 23578.60
Near Support: 23189.88 (61.8% FIBO)
Far Demand/Support Zone (Daily): 22642.60 - 22910.15

Supply/Resistance Zones
Near Supply/Resistance Zone (125m): 24257.65 - 24354.55
Near Supply/Resistance Zone (75m): 24447.65 - 24537.60
Far Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (inside weekly supply)
Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside Daily supply)
Far Supply/Resistance Zone (Weekly): 24567.65 - 25234.05