Nifty Intraday Support & Resistance Levels for 17.09.2024

On Monday, Nifty opened with a gap up, hitting a new all-time high of 25,445.70 (the previous high was 25,433.35) but failed to sustain and closed at 25,383.75. For the last three days, Nifty has been closing around 25,400, indicating that if the high is not broken with strong volume, we may see a correction down to 25,075. However, if Nifty breaks above the new high (above 25,450) with volume, it could reach 25,640 in the short term. The Weekly and Daily Trends (50 SMA) remain positive, and support and resistance zones are unchanged.

Demand/Support Zones:
Near Demand/Support Zone (15 min): 25,217.90 - 25,269.45
Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50
Far Demand/Support Zone (75 min): 24,885.15 - 25,072.55

Supply/Resistance Zones:
No Supply/Resistance zones are visible on the chart currently.