banknifty
banknifty
Support Zone 49799_trendline
Resistance Zone 50233_50404
The broader trend for the Bank Nifty is positive as it has been forming a ‘Higher Top Higher Bottom’ structure. The immediate support for the index is placed around 49,500, followed by the 40-day EMA support around 49,200. On the higher side, 50,300 is the resistance level. If surpassed, the index could rally towards the previous high of 51,000-51,200 in the near term.
Support Zone 49799_trendline
Resistance Zone 50233_50404
The broader trend for the Bank Nifty is positive as it has been forming a ‘Higher Top Higher Bottom’ structure. The immediate support for the index is placed around 49,500, followed by the 40-day EMA support around 49,200. On the higher side, 50,300 is the resistance level. If surpassed, the index could rally towards the previous high of 51,000-51,200 in the near term.
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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.
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.