BankNifty Intraday Support & Resistance Levels for 05.08.2024
On Friday, BankNifty opened gap down, made a low of 51087.85, and bounced 500 points from the bottom before closing at 51350.15 (213 points negative). The weekly trend (50 SMA) remains positive, but the daily trend (50 SMA) is sideways.
Support Levels:
Near Demand/Support Zone (15m): 51023 - 51082
Near Demand/Support Zone (30m): 50851 - 50951
Near Demand/Support Zone (75m) for weekly trade: 50707 - 50960
Major Demand/Support Zone (Weekly): 49530 - 50253
Resistance Levels:
Near Supply/Resistance Zone (30m): 52103 - 52340
Far Supply/Resistance Zone (30m): 52559 - 52783
Major Supply/Resistance Zone (75m): 52880 - 53188
Support Levels:
Near Demand/Support Zone (15m): 51023 - 51082
Near Demand/Support Zone (30m): 50851 - 50951
Near Demand/Support Zone (75m) for weekly trade: 50707 - 50960
Major Demand/Support Zone (Weekly): 49530 - 50253
Resistance Levels:
Near Supply/Resistance Zone (30m): 52103 - 52340
Far Supply/Resistance Zone (30m): 52559 - 52783
Major Supply/Resistance Zone (75m): 52880 - 53188
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