Nifty Support & Resistance Levels for 12.06.2024
Nifty made multiple attempts to cross and sustain above 23,300 - 23,400 but failed due to selling pressure at higher levels. It faced rejection from the supply zone mentioned in the last post and has now created a fresh supply zone at similar levels. The weekly trend (50 SMA) remains positive, while the daily trend is sideways.
Support/Demand Levels:
Near Support/Demand Zone (15m): 23,037 - 23,078 (remains the same)
Far Support/Demand Zone (125m): 22,642 - 22,911
Farther Support/Demand Zone (125m): 22,213 - 22,445
Resistance/Supply Levels:
Nearest Resistance/Supply Zone (15m): 23,363 - 23,390
Support/Demand Levels:
Near Support/Demand Zone (15m): 23,037 - 23,078 (remains the same)
Far Support/Demand Zone (125m): 22,642 - 22,911
Farther Support/Demand Zone (125m): 22,213 - 22,445
Resistance/Supply Levels:
Nearest Resistance/Supply Zone (15m): 23,363 - 23,390
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