Nifty Intraday Support & Resistance Levels for 07.11.2024

On Wednesday, Nifty opened with a gap-up, breaking through the 75-minute supply zone and advancing into the 125-minute supply zone. It reached a high of 24,537.60, closing at 24,484.05 with a strong gain of 270 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative.

Demand/Support Zones
Near Support (15m): 24,281.90 - 24,333.65
Near Support (30m): 23,842.75 - 23,951.10
Near Support (Daily): 23,350 - 23,667.10
Far Support: 23,189.88 (61.8% FIBO Level)
Deep Support (Daily): 22,642.60 - 22,910.15

Supply/Resistance Zones
Near Resistance (125m): 24,502.80 - 24,604.25
Near Resistance (75m): 24,636.75 - 24,741.45
Key Resistance (Daily): 24,567.65 - 24,978.30