Get started
PriteshPal

BankNifty Intraday Support & Resistance Levels for 20.06.2024

Nifty Bank Index (NSE:BANKNIFTY)  
PriteshPal  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Support and Resistance Supply and Demand BANKNIFTY bankniftytradesetup bankniftytrend bankniftyanalysis bankniftyview bankniftytrading bankniftyintradaylevels
1
0
trendanalysis supportandresistance supplyanddemand banknifty bankniftytradesetup bankniftytrend bankniftyanalysis bankniftyview bankniftytrading bankniftyintradaylevels
BankNifty broke all resistance on the upside and made a new All-Time High of 51,957, closing above the previous ATH of 51,133. The weekly trend (50 SMA) is positive, and the daily trend is sideways.

Support Levels:
Near Support/Demand Zone (125m): 50,879 - 51,213
Far Small Support/Demand Zone (15m): 50,597 - 50,765
As the daily trend is still sideways, taking confirmation entries for long trades in the 125m demand/support zone is advised.

Resistance Levels:
Minor Resistance/Supply Zone (5m): 51,780 - 51,939

Related Ideas

PriteshPal
BankNifty Intraday Support & Resistance Levels for 21.06.2024
PriteshPal
BankNifty Intraday Support & Resistance Levels for 19.06.2024
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.