Nifty maintained its upward momentum on Monday, breaking the small supply/resistance level mentioned in the last post and closing at 24,141.95. Both the weekly and daily trends (50 SMA) are positive.
Support Levels:
Near Small Support/Demand Zone (15m): 23,985 - 24,012
Near Support/Demand Zone (15m): 23,716 - 23,743
Near Support/Demand Zone (75m) for Weekly Trade: 23,671 - 23,754
Major Support/Demand Zone (Daily): 23,350 - 23,667
Resistance Levels:
Currently, there is no supply zone seen on the chart.
Support Levels:
Near Small Support/Demand Zone (15m): 23,985 - 24,012
Near Support/Demand Zone (15m): 23,716 - 23,743
Near Support/Demand Zone (75m) for Weekly Trade: 23,671 - 23,754
Major Support/Demand Zone (Daily): 23,350 - 23,667
Resistance Levels:
Currently, there is no supply zone seen on the chart.
