Nifty Bank IndexUpdated BankNifty Intraday Support & Resistance Levels for 22.07.2024
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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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.