BankNifty Intraday Support & Resistance Levels for 14.01.2025
Updated
On Monday, BankNifty opened with a gap-down, reaching a high of 48,606.35 before falling to a low of 47,898.35. It closed at 48,041.25, losing 693 points compared to the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative.
Demand/Support Zones
Near Support: 46,077.85 (low of 4th June 2024)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (30m): 48,640 - 48,793.75
Near Supply/Resistance Zone (15m): 49,175.30 - 49,358.15
Far Supply/Resistance Zone (75m): 49,787.70 - 49,979.05
Far Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60
Outlook
BankNifty is currently oversold on lower timeframes (60m, 75m). A bounce-back may occur if it sustains above the 48,000 level. However, resistance at higher levels could limit significant upward movement.
Demand/Support Zones
Near Support: 46,077.85 (low of 4th June 2024)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (30m): 48,640 - 48,793.75
Near Supply/Resistance Zone (15m): 49,175.30 - 49,358.15
Far Supply/Resistance Zone (75m): 49,787.70 - 49,979.05
Far Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60
Outlook
BankNifty is currently oversold on lower timeframes (60m, 75m). A bounce-back may occur if it sustains above the 48,000 level. However, resistance at higher levels could limit significant upward movement.
Trade active
Entered 30m Supply zone and reacted from 48709 to make low of 48433.
Supply zone is not broken yet (above 48793.75, so trade accordingly.
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