BankNifty closed at the psychological level of 50,000 after testing the near-demand zone mentioned in the previous post. The weekly trend (50 SMA) is positive, while the daily trend is sideways.
Support Levels: Near Support/Demand Zone (15m): 49,693 - 49,778 Far Small Support/Demand Zone (15m): 49,225 - 49,451 Far Support Zone (15m): 48,801 - 49,055 (tested multiple times)
Resistance Levels: Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20
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.