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Bankniftysupportresistance

BankNifty Intraday Support & Resistance Levels for 16.12.2024On Friday, BankNifty opened on a negative note, slipping to a low of 52264.55. However, it staged a robust recovery, reaching a high of 53654, and closed strong at 53583.80, gaining 367 points over the previous close. Both the Weekly Trend (50 SMA) and the Daily Trend (50 SMA) remain positive, reflecting sustained bullish momentum. Demand/Support Zones Near Demand/Support Zone (75m): 52264.55 - 52665.15 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)
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 13.12.2024On 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)
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 12.12.2024On Wednesday, BankNifty opened negative and traded in a volatile range. It touched a low of 53302.15 before recovering to a high of 53648.05, ultimately closing at 53392.25, losing 185 points over the previous close. The Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain positive. 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 Far Demand/Support Zone (Daily): 49787.10 - 50983.50 Supply/Resistance Zones Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (Tested) Key Insights Resistance at 53750: BankNifty continues to face resistance near this level. A decisive breakout could pave the way toward 54400 and beyond. Support at 52780: Watch for demand near this zone; a breach could signal further downside toward 52200.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 11.12.2024On Tuesday, BankNifty opened slightly positive but experienced a volatile trading session. It dipped to a low of 53302.65, then rallied in the final session to hit a high of 53624.05. It closed at 53577.70, marking a gain of 170 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain positive, signalling continued bullish momentum as of now. Demand/Support Zones Near Demand/Support Zone (15m): 52850.35 - 53038.60 Near Demand/Support Zone (75m): 52563.20 - 52780.90 Far Demand/Support Zone (125m): 51693.95 - 51906.90 Far Demand/Support Zone (Daily): 49787.10 - 50983.50 Supply/Resistance Zones Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (Tested)
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 10.12.2024On Monday, BankNifty opened on a negative note, hitting a low of 53326.40 before rallying to a high of 53779.10. However, it couldn’t surpass Friday's high, facing resistance once again from the Weekly Supply Zone. It closed at 53407.75, losing 101 points. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain positive, indicating a bullish undertone. Demand/Support Zones Near Demand/Support Zone (15m): 52850.35 - 53038.60 Near Demand/Support Zone (75m): 52563.20 - 52780.90 Far Demand/Support Zone (125m): 51693.95 - 51906.90 Far Demand/Support Zone (Daily): 49787.10 - 50983.50 Supply/Resistance Zones Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (Tested)
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 09.12.2024On Friday, BankNifty exhibited volatility, touching a low of 53160.65 before rallying to a high of 53868.50. It eventually closed at 53509.50, down by 94 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays positive. Demand/Support Zones Near Demand/Support Zone (15m): 52850.35 - 53038.60 Near Demand/Support Zone (75m): 52563.20 - 52780.90 Far Demand/Support Zone (125m): 51693.95 - 51906.90 Far Demand/Support Zone (Daily): 49787.10 - 50983.50 Supply/Resistance Zones Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (Tested)
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 05.12.2024On Wednesday, BankNifty opened with a positive bias, hitting a low of 52685.15 before rallying to a high of 53387.10, breaking above the Daily supply zone. It closed at 53266.90, gaining 571 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has turned positive, suggesting an upward momentum. Demand/Support Zones Near Demand/Support Zone (15m): 53011.45 - 53128.65 Near Demand/Support Zone (75m): 52563.20 - 52780.90 Far Demand/Support Zone (30m): 52045.55 - 52194.65 Far Demand/Support Zone (30m): 51040.05 - 51271.50 Far Demand/Support Zone (Daily): 49787.10 - 50983.50 Supply/Resistance Zones Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 04.12.2024On Tuesday, BankNifty opened gap-up, hit a low of 52216.85, and rallied to a day high of 52780.90, testing the 15m supply zone. It closed at 52695.75, gaining 586 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, signaling a neutral bias. Demand/Support Zones Near Demand/Support Zone (30m): 52045.55 - 52194.65 Far 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): 52817.80 - 53235.25 Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 29.11.2024On Thursday, BankNifty started on a positive note, reaching a high of 52760.20, but heavy selling pressure dragged it down by almost 1000 points, hitting a low of 51782.90. It ended the day at 51906.85, losing 395 points from the previous close. Although BankNifty initially broke above the daily supply zone, it failed to sustain and reversed sharply. If it breaches the 51750 level, further downside toward 51270 or below could unfold. The Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways. 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 the zone) Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25 Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35
NSE:BANKNIFTY
by PriteshPalan
Banknifty Prediction for 28th November 2024Banknifty Prediction for 28th November 2024 Follow for more updates and information. From a technical perspective, the index continues to face resistance near the 52,600 level while finding strong support around the 50-day exponential moving average at 52,000. Key indicators and oscillators are aligning with the upward trend, suggesting a bullish outlook in the near term. If the Bank Nifty breaks above the critical resistance at 52,600, it is likely to move higher, targeting levels of 53,300 and 53,500.
NSE:BANKNIFTY
by ARROWINDEX
BankNifty levelsUtilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BankNifty levelsUtilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe