Nifty Intraday Support & Resistance Levels for 16.07.2024

On Monday, Nifty opened gap-up, reached a new all-time high of 24,635.05, and closed at 24,586.70. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive.

Support Levels:
Near support/demand zone (15m): 24,485 - 24,516
Far support/demand zone (30m): 24,331 - 24,395
Major support/demand zone (75m) for weekly trade: 24,056 - 24,150

Currently, there is no supply/resistance zone seen on the chart.