Nifty Intraday Support & Resistance Levels for 31.01.2025

Thursday’s session was marked by high volatility, with Nifty opening flat and making an initial low of 23,139.40. A strong rally took it to 23,311.15, where it entered the 15m Supply Zone (23,288.75 - 23,331.30), but selling pressure dragged it back to 23,141. The index then rebounded to a day high of 23,322.05 before closing at 23,249.50, gaining 86 points over the previous close. Both the Weekly Trend (50 SMA) is Negative to sideways and Daily Trend (50 SMA) remain Negative, indicating a cautious outlook.

Demand/Support Zones
Near Demand/Support Zone (15m): 23,141 - 23,205.70
Near Demand/Support Zone (30m): 22,786.90 - 22,843.30
Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15
Far Support Level: 21,281.45 (Low from 4th June 2024)

Supply/Resistance Zones
Near Supply/Resistance Zone (5m): 23,349.20 - 23,421.25
Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20
Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85
Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45
Far Supply/Resistance Zone (Daily): 24,601.75 - 24,782.15
Far Supply/Resistance Zone (Weekly): 24,180.80 - 24,792.30

Outlook
Nifty is testing critical resistance levels while facing persistent selling pressure at higher zones. A break above 23,350 could push it towards 23,500+, while failure to hold support at 23,141 may lead to a retest of lower levels.