On Wednesday, BankNifty opened with a gap-up but traded within a narrow 300-point range, touching a low of 52,185.40 and a high of 52,493.95. It closed at 52,317.40, adding 110 points over the previous close. The Weekly and Daily Trends (50 SMA) remain sideways, signalling potential consolidation.
Demand/Support Zones
Minor Support (30m): 50,900.10 - 51,230.85
Minor Support (15m): 50,382.10 - 50,485.15
Near Support (Daily): 49,654.65 - 49,959.25
Far Support: 49,282.65 (61.8% FIBO Level)
Deep Support (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Resistance (Daily): 52,817.80 - 53,235.25
Key Resistance (Weekly): 53,741.40 - 54,467.35
Demand/Support Zones
Minor Support (30m): 50,900.10 - 51,230.85
Minor Support (15m): 50,382.10 - 50,485.15
Near Support (Daily): 49,654.65 - 49,959.25
Far Support: 49,282.65 (61.8% FIBO Level)
Deep Support (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Resistance (Daily): 52,817.80 - 53,235.25
Key Resistance (Weekly): 53,741.40 - 54,467.35
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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.