On Monday, BankNifty opened with a gap up, made a new all-time high of 54,197.95, and closed at 54,105.80, gaining 312 points over the previous close. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) has turned overbought from positive. Support zones remain unchanged from the last post.
Demand/Support Zones:
Near Demand/Support Zone (30 min): 53,225.20 - 53,521.25
Far Demand/Support Zone (30 min): 52,402.80 - 52,484.55
Far Demand/Support Zone (Daily): 52,085.50 - 52,284.60
Supply/Resistance Zones:
No visible supply/resistance zones on the chart at the moment.
Demand/Support Zones:
Near Demand/Support Zone (30 min): 53,225.20 - 53,521.25
Far Demand/Support Zone (30 min): 52,402.80 - 52,484.55
Far Demand/Support Zone (Daily): 52,085.50 - 52,284.60
Supply/Resistance Zones:
No visible supply/resistance zones on the chart at the moment.
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Related publications
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.