Nifty Intraday Support & Resistance Levels for 12.07.2024

On Thursday, Nifty opened a gap-up inside the 15m supply zone mentioned in the last post and fell below 24,200 before recovering at the end. The weekly and daily trends (50 SMA) remain positive.

Support Levels:
Near support/demand zone (5m): 24,201 - 24,235
Major support/demand zone (75m) for weekly trade: 24,056 - 24,150

There is no major supply/resistance zone on the chart as of now.