Nifty Intraday Support & Resistance Levels for 11.11.2024

On Friday, Nifty opened nearly flat, dipping to a low of 24,066.65 and climbing to a high of 24,276.15, before closing at 24,148.20—a loss of 51 points from the previous close. With the Weekly Trend (50 SMA) remaining sideways and the Daily Trend (50 SMA) still negative, it continues to be a “Sell on Rise” market unless there’s a trend shift to positive. Key demand and supply levels stay consistent with previous posts.

Demand/Support Zones
Near Support (30m): 23,842.75 - 23,951.10
Key Support (Daily): 23,350 - 23,667.10
Deep Support: 23,189.88 (61.8% FIBO)
Extended Support (Daily): 22,642.60 - 22,910.15

Supply/Resistance Zones
Near Resistance (30m): 24,447.65 - 24,537.60
Key Resistance (75m): 24,636.75 - 24,741.45
Major Resistance (Daily): 24,567.65 - 24,978.30
Extended Resistance (Daily): 25,739.20 - 25,907.60