Nifty Intraday Support & Resistance Levels for 19.12.2024

On Wednesday, Nifty opened negative, touched a high of 24394.45, but couldn’t sustain it and fell to a low of 24149.85. It ended the day at 24198.85, marking its third consecutive losing session, with a loss of 137 points. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) are currently sideways.

Demand/Support Zones
Near Demand/Support Zone (Daily): 23927.15 - 24188.45 (tested twice)
Far Demand/Support Zone (75m): 23447.15 - 23578.60
Far Support is at 23872 (61.8% FIBO)
Far Support is at 23263 (low of 21st November 2024)

Supply/Resistance Zones
Near Supply/Resistance Zone (125m): 24601.75 - 24698.10
Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (tested)
Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60
Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35