Nifty Intraday Support & Resistance Levels for 11.02.2025

Monday’s session saw Nifty opening negative, making an initial high of 23,568.60, but gradually sliding down into the 75-minute Demand Zone (23,327 - 23,381.60). It touched a day low of 23,316.30 before closing at 23,381.60, marking a 178-point loss from the previous close. The Weekly and Daily Trends (50 SMA) remain sideways, indicating indecisiveness in the market.

Demand/Support Zones
Near Minor Demand/Support Zone (15m): 23,141 - 23,205.70
Far Demand/Support Zone (30m): 22,786.90 - 22,843.30
Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 (Tested)
Far Support Level: 21,281.45 (Low of 4th June 2024)
Far Demand/Support Zone (Daily): 20,769.50 - 20,950

Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 23,557.80 - 23,591.25
Far Supply/Resistance Zone (15m): 23,644.10 - 23,694.50
Near Supply/Resistance Zone (Daily): 23,976 - 24,196.45
Far Supply/Resistance Zone (Daily): 24,601.75 - 24,782.15
Far Supply/Resistance Zone (Weekly): 24,180.80 - 24,792.30

Outlook
Nifty is struggling to hold key support levels, with the 23,300 zone acting as a crucial demand area. If this level fails, we could see a deeper correction towards 23,100 - 23,000. On the upside, 23,600 - 23,700 remains a strong resistance zone. A sustained move above 23,700 may indicate bullish momentum, while a break below 23,300 could trigger further downside.