BankNifty Intraday Support & Resistance Levels for 07.11.2024
On Wednesday, BankNifty opened with a gap-up but traded within a narrow 300-point range, touching a low of 52,185.40 and a high of 52,493.95. It closed at 52,317.40, adding 110 points over the previous close. The Weekly and Daily Trends (50 SMA) remain sideways, signalling potential consolidation.
Demand/Support Zones
Minor Support (30m): 50,900.10 - 51,230.85
Minor Support (15m): 50,382.10 - 50,485.15
Near Support (Daily): 49,654.65 - 49,959.25
Far Support: 49,282.65 (61.8% FIBO Level)
Deep Support (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Resistance (Daily): 52,817.80 - 53,235.25
Key Resistance (Weekly): 53,741.40 - 54,467.35
Demand/Support Zones
Minor Support (30m): 50,900.10 - 51,230.85
Minor Support (15m): 50,382.10 - 50,485.15
Near Support (Daily): 49,654.65 - 49,959.25
Far Support: 49,282.65 (61.8% FIBO Level)
Deep Support (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Resistance (Daily): 52,817.80 - 53,235.25
Key Resistance (Weekly): 53,741.40 - 54,467.35
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