BankNifty Intraday Support & Resistance Levels for 02.12.2024
On Friday, BankNifty opened on a positive note, making a high of 52170.90 and a low of 51759.45, closing strong at 52055.60, up 148 points from the previous close. The Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating a lack of clear directional momentum.
For the past five days, BankNifty has held support at 51750. A break below this level could trigger selling pressure, potentially driving it to 51270 or lower.
Demand/Support Zones
Near Demand/Support Zone (30m): 51040.05 - 51271.50
Far Small Demand/Support Zone (15m): 50609.75 - 50824.55
Far Support: 49282.65 (61.8% FIBO Level)
Far Demand/Support Zone (Daily): 44633.85 - 45750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 52675.65 - 52760.20
Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25
Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35
Key Levels to Watch
Upside Breakout: Above 53235, expect a test of 53741 or higher.
Downside Support: A break below 51750 could lead to 51270 or lower.
For the past five days, BankNifty has held support at 51750. A break below this level could trigger selling pressure, potentially driving it to 51270 or lower.
Demand/Support Zones
Near Demand/Support Zone (30m): 51040.05 - 51271.50
Far Small Demand/Support Zone (15m): 50609.75 - 50824.55
Far Support: 49282.65 (61.8% FIBO Level)
Far Demand/Support Zone (Daily): 44633.85 - 45750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 52675.65 - 52760.20
Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25
Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35
Key Levels to Watch
Upside Breakout: Above 53235, expect a test of 53741 or higher.
Downside Support: A break below 51750 could lead to 51270 or lower.
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.