Nifty Intraday Support & Resistance Levels for 04.12.2024

On Tuesday, Nifty opened positive, touched a low of 24280, and rallied to a day high of 24481.35, entering the 75m supply zone. It closed at 24457.15, gaining 181 points from the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating a neutral bias in the short term.

Demand/Support Zones
Near Demand/Support Zone (30m): 24300.05 - 24348.35
Near Demand/Support Zone (30m): 24140.00 - 24187.05
Far Demand/Support Zone (15m): 23661.75 - 23731.25
Far Demand/Support Zone (75m): 23447.15 - 23578.60
Far Support: 23189.88 (61.8% FIBO)
Far Demand/Support Zone (Daily): 22642.60 - 22910.15

Supply/Resistance Zones
Near Supply/Resistance Zone (75m): 24447.65 - 24537.60 (tested)
Far Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (inside weekly supply)
Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside Daily supply)
Far Supply/Resistance Zone (Weekly): 24567.65 - 25234.05