Nifty Intraday Support & Resistance Levels for 09.10.2024

On Tuesday, Nifty opened with a gap up, as expected, finding support near the 61.8% FIBO level (24,804.25). It made a high of 25,044 and closed at 25,013.15, gaining 217 points from the previous session. If Nifty breaks and sustains above 25,143, we might see a bullish rally that could extend to 25,420 or even 25,739. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is sideways.

Demand/Support Zones:
Near Demand/Support zone (Daily): 24,753.15 - 25,130.50 (current price inside the zone)
Far Demand/Support zone (Daily): 24,522.95 - 24,636.35
Far Demand/Support zone (Daily): 24,099.70 - 24,196.50
Far Demand/Support zone (Weekly): 23,893.70 - 24,419.75

Supply/Resistance Zones:
Near Supply/Resistance Zone (15m): 25,420 - 25,485.05
Near Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60
Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35

Keep an eye on 25,143—if this level is broken, the rally could gather steam!