Nifty View for intra day

Nifty opened positive but got dragged lower. Now, it is trying to build a base around 24,200, which can act as an important intraday support. Interestingly, 24,220 has been a demand zone for a long time, while supply is clearly visible around 24,270–24,280. For now, watch the 24,200–24,220 zone closely. A sustained hold can trigger a bounce, while a breakdown can bring fresh selling pressure.