On Thursday, BankNifty opened negative, briefly climbing to a high of 53537.45 before sliding to a low of 53174.40. It closed at 53216.45, down 175 points from the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain positive, indicating underlying strength.
Demand/Support Zones Near Demand/Support Zone (125m): 52563.20 - 52780.90 Far Demand/Support Zone (Daily): 51693.95 - 52197.25 Far Demand/Support Zone (125m): 51693.95 - 51906.90
Supply/Resistance Zones Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (Tested)
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.