BankNifty Intraday Support & Resistance Levels for 22.07.2024
Updated
On Friday, BankNifty remained within its range and did not cross the major resistance level of 52750, closing 355 points down at 52265.60. A decisive crossover above 52750 with volume might lead to a new all-time high. The weekly and daily trends (50 SMA) are still positive. Banknifty might be highly volatile today due to the Budget session scheduled today.
Support Levels:
Near Support/Demand Zone (75m) for weekly trade: 51749 - 51966
Major Support/Demand Zone (Daily): 51138 - 51934
Resistance Levels:
Near small supply/resistance zone (15m): 52482 - 52563
Far Supply/Resistance Zone (30m): 53064 - 53188
Support Levels:
Near Support/Demand Zone (75m) for weekly trade: 51749 - 51966
Major Support/Demand Zone (Daily): 51138 - 51934
Resistance Levels:
Near small supply/resistance zone (15m): 52482 - 52563
Far Supply/Resistance Zone (30m): 53064 - 53188
Note
Budget Session scheduled on 23rd July.
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