On Wednesday, Nifty opened with a 93-point gap down, making a low of 24,378.10, which touched the weekly Demand Zone. It briefly bounced back to a high of 24,604.25 but couldn’t sustain the momentum, closing at 24,435.50, down 36 points from the previous close. The Weekly Trend (50 SMA) is sideways, and the Daily Trend (50 SMA) remains negative.
Nifty Demand/Support Zones for 24.10.2024: Near Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Far Demand/Support Zone (Daily): 23,350.00 - 23,667.10
Nifty Supply/Resistance Zones for 24.10.2024: Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45 Near Supply/Resistance Zone (15m): 24,798.95 - 24,882.00 Far Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420.00 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545.00
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