Nifty Muhurat Trading Support & Resistance Levels for 01.11.2024

✨ Happy Diwali and Prosperous Muhurat Trading! ✨

On Thursday, Nifty opened almost flat but faced selling pressure, hitting a low of 24,172.60 before closing at 24,205.35, down by 135 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is Negative. Larger time frame demand and supply zones (75m, Daily, Weekly) remain the same as previously noted.

Small Time-Frame Demand/Support Zones
Near Demand/Support (15m): 24,073.90 - 24,099.10

Small Time-Frame Supply/Resistance Zones
Near Supply/Resistance (15m): 24,328.00 - 24,372.45
Near Supply/Resistance (5m): 24,463.10 - 24,498.20
Near Supply/Resistance (15m): 24,522.25 - 24,583.50

Larger Time-Frame Demand/Support Zones
Near Demand/Support (Weekly): 23,893.70 - 24,419.75 (tested)
Far Demand/Support (Daily): 23,350 - 23,667.10

Larger Time-Frame Supply/Resistance Zones
Near Supply/Resistance (75m): 24,636.75 - 24,741.45
Near Supply/Resistance (Daily): 24,664.95 - 24,978.30

Wishing you all a profitable Muhurat session and a bright Diwali ahead! 🪔📈