Nifty Intraday Support & Resistance Levels for 04.09.2024

On Tuesday, Nifty opened with a gap up but failed to surpass the previous day's high, trading within a narrow range throughout the day and closing flat at 25279.85. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive. Currently GIFT NIFTY is trading 200 points lower, indicating a potential gap-down opening today.

Support Levels:
Near Minor Demand/Support Zone (30m): 25117 - 25165
Near Demand/Support Zone (Daily): 24964 - 25052
Near Demand/Support Zone (Daily): 24771 - 24859

As of now, there's no supply zone visible on the chart.