BankNifty Intraday Support & Resistance Levels for 30.09.2024
On Friday, BankNifty opened 36 points lower and failed to recover, dropping over 600 points due to selling pressure in banking stocks. It closed at 52,834.30, losing 541 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain positive. On the weekly chart, BankNifty formed a gravestone doji, which could indicate a potential trend reversal from recent highs.
Demand/Support Zones:
Near Demand/Support Zone (30 min): 53,225.20 - 53,521.25
Near Demand/Support Zone (125 min) for weekly trade: 52,847.90 - 53,136.10
Far Demand/Support Zone (30 min): 52,403.80 - 52,484.55
Far Demand/Support Zone (Daily): 52,085.50 - 52,284.60
Supply/Resistance Zones:
Near Supply/Resistance Zone (75 min) for weekly trade: 54,152.50 - 54,338.70
Demand/Support Zones:
Near Demand/Support Zone (30 min): 53,225.20 - 53,521.25
Near Demand/Support Zone (125 min) for weekly trade: 52,847.90 - 53,136.10
Far Demand/Support Zone (30 min): 52,403.80 - 52,484.55
Far Demand/Support Zone (Daily): 52,085.50 - 52,284.60
Supply/Resistance Zones:
Near Supply/Resistance Zone (75 min) for weekly trade: 54,152.50 - 54,338.70
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