BankNifty Intraday Support & Resistance Levels for 11.04.2025🔄 Quick Recap since the last update (21.03.2025):
BankNifty rallied to a high of 52,063.95 on 25th March, piercing through the earlier mentioned Weekly Supply Zone by 84 points. But the bullish momentum was short-lived. Following Trump’s tariff announcement, BankNifty plunged sharply, dropping over 2,800 points to hit a low of 49,156.95 on 7th April.
🌍 Global sentiment has been shaken, but signs of recovery are emerging. Dow Futures have rebounded 4,000 points (10%), currently trading around 40,700 — a hopeful sign, but volatility remains elevated.
📅 On Wednesday (09.04.2025):
BankNifty opened with a gap-down, hit high of 50,496.90, and made a low at 49,910.85 before settling at 50,240.15, down 271 points for the day.
🔹 Trend Analysis:
Weekly Trend (50 SMA): Sideways
Daily Trend (50 SMA): Sideways
📉 Demand/Support Zones
Near Demand/Support (75m): 49,215.95 – 49,698.05
Gap Support (Daily Chart): 48,354.15 – 48,629.45
Far Support: 47,700 – 47,850 (multiple time tested on Daily Chart)
Major Support: 46,077.85 (Low of 4th June 2024)
Far Demand/Support (Daily): 44,633.85 – 45,750.40
📈 Supply/Resistance Zones
Near Supply (30m): 51,360.40 – 51,559.20 (Inside Daily Supply)
Near Supply (Daily): 51,360.40 – 51,893.60
Far Supply (Weekly): 52,264.55 – 53,775.10
🔍 Outlook:
With both trends turning sideways, BankNifty remains in a consolidation phase. Bulls are currently trapped under a strong resistance zone starting from 51,360, while downside support begins near 49,200.
Considering the volatile global setup, we may see a range-bound move with sharp intraday swings. The index must cross 51,900 decisively for any further upside. Until then, sell-on-rise near supply and buy-on-dip at demand continues to be the approach. Stay cautious. Trade levels, not emotions.
📢 Disclaimer: This analysis is intended for educational purposes only. It is not investment advice. Please consult your financial advisor before making any trading decisions.
