The Nifty is currently trading around 24,770, and price action is showing clear demand and supply pockets on both daily and weekly charts. Traders and investors should watch these levels closely for directional moves.
Daily Demand Zones
- 24,000 – 24,200: Strong buying interest; immediate support zone.
- 23,450 – 23,550: Fresh demand level; likely to attract buyers if tested.
These zones are expected to act as a cushion for short-term traders.
Key Resistance / Supply Zones
- 25,200: Once Nifty closes above this level, a short-covering rally towards 25,450 may trigger quickly.
- 25,900 (Weekly Supply Zone): Fresh supply area; good probability for shorting opportunities if price approaches.
Trading Plan / Levels to Track
- Upside trigger: Closing above 25,200 can open doors to 25,450 in the short term.
- Downside trigger: A break below 24,000 could open the next demand zone around 23,400–23,500.
- Stop-loss strategy: Traders holding long positions should keep a strict stop-loss near 24,000.
Final Note
Nifty is consolidating between major demand and supply zones. The trend may remain range-bound until a clear breakout above 25,200 or breakdown below 24,000. Traders should plan entries with proper stop-losses and avoid over-leverage.
Disclaimer: This analysis is for educational purposes only. Please consult your financial advisor before making any investment or trading decisions.