Nifty Intraday Support & Resistance Levels for 18.12.2024

On Tuesday, Nifty opened with a gap-down, made a high of 24624.10, and dropped to a low of 24303.45, entering the 15m Demand Zone. It closed at 24336, losing 332 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has shifted from positive to sideways.

Demand/Support Zones
Near Demand/Support Zone (15m): 24180.80 - 24342.50 (current price inside the zone)
Near Demand/Support Zone (Daily): 23927.15 - 24188.45 (tested)
Far Demand/Support Zone (75m): 23447.15 - 23578.60

Supply/Resistance Zones
Near Supply/Resistance Zone (125m): 24601.75 - 24698.10
Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (tested)
Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60
Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35

Key Insights
Current Major Resistance Zone: 24700 - 25000
Current Major Support Zone: 23900 - 24300
A breakout above resistance or a breakdown below support will likely determine the next significant move.