On Tuesday, BankNifty opened on a weak note, reaching a low of 50,865.45 within the 30-minute demand zone before surging over 1,000 points to a high of 52,289.55. It closed strong at 52,207.25, gaining 992 points from the previous close. The Weekly Trend (50 SMA) remains sideways, as does the Daily Trend.
Demand/Support Zones
Near Minor Demand/Support (30m): 50,900.10 - 51,230.85
Near Minor Demand/Support (15m): 50,382.10 - 50,485.15
Far Demand/Support (Daily): 49,654.65 - 49,959.25
Extended Support: 49,282.65 (61.8% FIBO Level)
Deep Demand/Support (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance (15m): 52,264.05 - 52,349.45 (tested)
Far Supply/Resistance (Daily): 52,817.80 - 53,235.25
Extended Supply/Resistance (Weekly): 53,741.40 - 54,467.35
Demand/Support Zones
Near Minor Demand/Support (30m): 50,900.10 - 51,230.85
Near Minor Demand/Support (15m): 50,382.10 - 50,485.15
Far Demand/Support (Daily): 49,654.65 - 49,959.25
Extended Support: 49,282.65 (61.8% FIBO Level)
Deep Demand/Support (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance (15m): 52,264.05 - 52,349.45 (tested)
Far Supply/Resistance (Daily): 52,817.80 - 53,235.25
Extended Supply/Resistance (Weekly): 53,741.40 - 54,467.35
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Related publications
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.