Nifty Intraday Support & Resistance Levels for 06.09.2024

On Thursday, Nifty opened with a gap up, entering the 15m supply zone (25260 - 25285) mentioned in the previous post. It dropped nearly 150 points from the day's high to 25127.75 before closing at 25145.10. Both the weekly trend (50 SMA) and daily trend (50 SMA) remain positive.

Support Levels:
Near Demand/Support Zone (Daily): 24964 - 25052
Near Demand/Support Zone (Daily): 24771 - 24859

Resistance Levels:
Near Supply/Resistance Zone (5m): 25235 - 25258