BankNifty Intraday Support & Resistance Levels for 28.11.2024
On Wednesday, BankNifty started on a weak note but quickly recovered. It made a low of 52019.65 before rallying to a high of 52444.35. It closed at 52301.80, gaining 110 points from the previous close.
Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, reflecting a range-bound market. The index is currently trading within a critical supply zone, which may determine its next move.
Demand/Support Zones
Near Demand/Support Zone (30m): 51040.05 - 51271.50
Far Small Demand/Support Zone (15m): 50609.75 - 50824.55
Far Support: 49282.65 (61.8% FIBO Level)
Far Demand/Support Zone (Daily): 44633.85 - 45750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (Daily): 51294.20 - 52493.95 (current price inside this zone)
Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25
Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35
Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, reflecting a range-bound market. The index is currently trading within a critical supply zone, which may determine its next move.
Demand/Support Zones
Near Demand/Support Zone (30m): 51040.05 - 51271.50
Far Small Demand/Support Zone (15m): 50609.75 - 50824.55
Far Support: 49282.65 (61.8% FIBO Level)
Far Demand/Support Zone (Daily): 44633.85 - 45750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (Daily): 51294.20 - 52493.95 (current price inside this zone)
Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25
Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.