On Wednesday, Nifty reached a new all-time high of 25129.60, but profit booking in the last trading hour led to a nearly 100-point drop from the peak, closing at 25052.35. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways.
Support Levels:
Near Demand/Support Zone (15m): 24988 - 25032
Near Demand/Support Zone (Daily): 24771 - 24859
Near Demand/Support Zone (125m) for Weekly Trade: 24543 - 24605
Far Demand/Support Zone (75m) for Weekly Trade: 24204 - 24340
Resistance Levels:
Near Minor Supply/Resistance Zone (15m): 25111 - 25129.60
Support Levels:
Near Demand/Support Zone (15m): 24988 - 25032
Near Demand/Support Zone (Daily): 24771 - 24859
Near Demand/Support Zone (125m) for Weekly Trade: 24543 - 24605
Far Demand/Support Zone (75m) for Weekly Trade: 24204 - 24340
Resistance Levels:
Near Minor Supply/Resistance Zone (15m): 25111 - 25129.60
Trade closed: target reached
Nifty took support Twice in the 15m Demand Zone (24988 - 25032) and made a New All-Time high of 25192.90.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.