Nifty Intraday Support & Resistance Levels for 31.10.2024

On Wednesday, Nifty opened with a gap down, with bulls attempting a recovery to a high of 24,498.20 before dropping to a low of 24,307.30. It closed at 24,340.85, shedding 126 points from the previous close. The Weekly Trend (50 SMA) is still sideways, while the Daily Trend remains negative.

Demand/Support Zones:
Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 (tested)
Far Demand/Support Zone (Daily): 23,350 - 23,667.10

Supply/Resistance Zones:
Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45
Near Supply/Resistance Zone (Daily): 24,664.95 - 24,978.30