#NIFTY Intraday Support and Resistance Levels - 23/05/2025

Today, a flat opening is expected in Nifty. If after opening Nifty starts trading and sustains below the 24700–24650 zone, a short trade can be considered with downside targets of 24600, 24550, and 24500.

Further weakness may be seen if Nifty breaks below the 24450 level, opening the way for extended downside targets at 24350, 24300, and 24250.

On the upside, if Nifty sustains above 24750, a long position can be initiated. This may lead to bullish movement toward 24850, 24900, and 24950+ levels. However, 24950 will act as a key resistance, and reversal is possible near this zone.