BankNifty Intraday Support & Resistance Levels for 21.11.2024
On Tuesday, BankNifty opened gap-up, broke the 15m resistance zone, and rallied to a high of 50,983.50, meeting the anticipated resistance range of 50,725 - 51,000. However, during the last trading hour, it gave up all its gains and hit a day low of 50,440.85, eventually closing at 50,626.50, up by 262 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative.
Demand/Support Zones
Near Support (Daily): 49,654.65 - 49,959.25 (already touched twice)
Far Support: 49,282.65 (61.8% Fibonacci level)
Far Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Resistance (30m): 50,774.35 - 50,876.45
Far Resistance (30m): 51,586.35 - 51,874.70
Far Resistance (Daily): 51,562.70 - 52,493.95
Demand/Support Zones
Near Support (Daily): 49,654.65 - 49,959.25 (already touched twice)
Far Support: 49,282.65 (61.8% Fibonacci level)
Far Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Resistance (30m): 50,774.35 - 50,876.45
Far Resistance (30m): 51,586.35 - 51,874.70
Far Resistance (Daily): 51,562.70 - 52,493.95
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.