On Monday, Nifty opened with a gap up, reaching a low of 24,134.90 and a high of 24,492.60 before closing at 24,339.15, up 158 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand and supply zones stay unchanged.
Demand/Support Zones:
Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 (current price within this zone)
Far Demand/Support Zone (Daily): 23,350 - 23,667.10
Supply/Resistance Zones:
Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45
Near Supply/Resistance Zone (Daily): 24,664.95 - 24,978.30