Nifty Intraday Support & Resistance Levels for 05.09.2024

On Wednesday, Nifty opened with a gap down, breaking below the 30m demand zone and hitting a low of 25083.80. However, it recovered by the end of the day, closing at 25198.70. Both the weekly and daily trends (50 SMA) remain positive. As of now, GIFT NIFTY is trading 90 points higher, indicating the possibility of a gap-up opening today.

Support Levels:
Near Demand/Support Zone (Daily): 24964 - 25052
Near Demand/Support Zone (Daily): 24771 - 24859

Resistance Levels:
Near Supply/Resistance Zone (15m): 25260 - 25285