Nifty Bank IndexUpdated BankNifty Intraday Support & Resistance Levels for 19.11.2024
On Monday, BankNifty opened with a gap up, made a low of 50,074, and climbed to a high of 50,445.80 before closing at 50,363.80, gaining 184 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative.
If BankNifty continues to hold the Daily Demand Zone support, we might witness bullish momentum in the coming days, with potential targets of 50,725 to 51,000.
Demand/Support Zones
Near Support (Daily): 49,654.65 - 49,959.25 (already touched twice)
Far Support: 49,282.65 (61.8% FIBO Level)
Extended Support (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Immediate Resistance (15m): 50,725.35 - 50,852.45
Higher Resistance (30m): 51,586.35 - 51,874.70
Major Resistance (Daily): 51,562.70 - 52,493.95
If BankNifty continues to hold the Daily Demand Zone support, we might witness bullish momentum in the coming days, with potential targets of 50,725 to 51,000.
Demand/Support Zones
Near Support (Daily): 49,654.65 - 49,959.25 (already touched twice)
Far Support: 49,282.65 (61.8% FIBO Level)
Extended Support (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Immediate Resistance (15m): 50,725.35 - 50,852.45
Higher Resistance (30m): 51,586.35 - 51,874.70
Major Resistance (Daily): 51,562.70 - 52,493.95
Trade closed: target reached
BankNifty crossed 50900, touched Target.
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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.