Nifty Support & Resistance Levels for 05.06.2024
Huge selling was witnessed yesterday due to election results that did not align with exit polls. A big red candle on the daily chart broke almost all near supports of the last four months, breaking the channel and taking support at the daily demand zone of 21,137 - 21,459.
Support Levels:
Near Small Support (Daily): 21,137 - 21,459
Far Support (Daily): 20,769 - 20,950
Gap Zone Support (Daily): 20,267 - 20,508 (if further fall occurs)
Resistance Levels:
Intraday Resistance Zone (15m): 22,643 - 22,881
Major Resistance/Supply Zone (Daily): 23,062 - 23,338.70
Support Levels:
Near Small Support (Daily): 21,137 - 21,459
Far Support (Daily): 20,769 - 20,950
Gap Zone Support (Daily): 20,267 - 20,508 (if further fall occurs)
Resistance Levels:
Intraday Resistance Zone (15m): 22,643 - 22,881
Major Resistance/Supply Zone (Daily): 23,062 - 23,338.70
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