Nifty Intraday Support & Resistance Levels for 11.07.2024

On Wednesday, Nifty made a new all-time high of 24,461.05 before falling 300 points to an intraday low of 24,141. It found support at the 75m Demand Zone mentioned in the last post and bounced back nearly 200 points, closing at 24,324. The weekly and daily trends (50 SMA) remain positive.

Support Levels:
Near Support/Demand Zone (5m): 24,246 - 24,265
Major Support/Demand Zone (75m) for weekly trade: 24,056 - 24,150 (tested yesterday)

Resistance Levels:
Small Supply/Resistance Zone (15m): 24,398 - 24,419