BankNifty Intraday Support & Resistance Levels for 10.09.2024
On Monday, BankNifty opened with a gap down but rebounded more than 800 points from the day’s low, reaching a high of 51192.75 before closing at 51117.80. A breakout above 51316 with strong volume could push BankNifty higher towards 51750 - 52340. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways.
Support Levels:
Near Minor Demand/Support Zone (15m): 50564 - 50715
Far Demand/Support Zone (Weekly): 49530 - 50253
Far Demand/Support Zone (125m): 49681 - 49798
Resistance Levels:
Near Supply/Resistance Zone (15m): 51201 - 51375
Far Supply/Resistance Zone (125m): 51405 - 51512
Support Levels:
Near Minor Demand/Support Zone (15m): 50564 - 50715
Far Demand/Support Zone (Weekly): 49530 - 50253
Far Demand/Support Zone (125m): 49681 - 49798
Resistance Levels:
Near Supply/Resistance Zone (15m): 51201 - 51375
Far Supply/Resistance Zone (125m): 51405 - 51512
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