BankNifty Intraday Support & Resistance Levels for 29.07.2024
On Friday, BankNifty opened gap down but recovered over 950 points from the bottom, closing near the 15m supply zone mentioned in the last post at 51295.95. The weekly trend (50 SMA) remains positive, but the daily trend (50 SMA) is sideways.
Support Levels:
Near Demand/Support Zone (15m): 51023 - 51082
Near Demand/Support Zone (30m): 50851 - 50951
Major Demand/Support Zone (Weekly): 49530 - 50253
Resistance Levels:
Near Supply/Resistance Zone (15m): 51317 - 51462 (already tested on Friday)
Major Supply/Resistance Zone (Daily): 51874 - 52587
Support Levels:
Near Demand/Support Zone (15m): 51023 - 51082
Near Demand/Support Zone (30m): 50851 - 50951
Major Demand/Support Zone (Weekly): 49530 - 50253
Resistance Levels:
Near Supply/Resistance Zone (15m): 51317 - 51462 (already tested on Friday)
Major Supply/Resistance Zone (Daily): 51874 - 52587
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