Black Friday saleUp to 70% OFF

Bankniftydemandsupply

BankNifty Intraday Support & Resistance Levels for 01.10.2024On Monday, BankNifty opened with a gap down and, under selling pressure, broke the 30-minute demand zone, closing within the 125-minute demand zone mentioned in the previous post. If BankNifty breaks below 52,847 with volume and sustains, we could see further downside towards 52,285. BankNifty closed at 52,978.1, losing 856 points from the previous close. The Weekly and Daily Trends (50 SMA) remain positive. Demand/Support Zones: Near Demand/Support Zone (125 min): 52,847.90 - 53,136.10 (current price inside the zone) Far Demand/Support Zone (Daily): 51,643.95 - 52,484.60 Far Demand/Support Zone (Daily): 50,369.40 - 51,420.15 Supply/Resistance Zones: Near Supply/Resistance Zone (75 min): 53,763.20 - 53,945.10 Far Supply/Resistance Zone (75 min): 54,152.50 - 54,338.70
NSE:BANKNIFTY
by PriteshPal
BankNifty Intraday Support & Resistance Levels for 30.09.2024On Friday, BankNifty opened 36 points lower and failed to recover, dropping over 600 points due to selling pressure in banking stocks. It closed at 52,834.30, losing 541 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain positive. On the weekly chart, BankNifty formed a gravestone doji, which could indicate a potential trend reversal from recent highs. Demand/Support Zones: Near Demand/Support Zone (30 min): 53,225.20 - 53,521.25 Near Demand/Support Zone (125 min) for weekly trade: 52,847.90 - 53,136.10 Far Demand/Support Zone (30 min): 52,403.80 - 52,484.55 Far Demand/Support Zone (Daily): 52,085.50 - 52,284.60 Supply/Resistance Zones: Near Supply/Resistance Zone (75 min) for weekly trade: 54,152.50 - 54,338.70
NSE:BANKNIFTY
by PriteshPal
BankNifty Intraday Support & Resistance Levels for 27.09.2024On Thursday, BankNifty hit a new all-time high of 54,467.35 and closed at 54,375.35, gaining 273 points from the previous close. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) has shifted to overbought from positive. Demand/Support Zones: Near Demand/Support Zone (30 min): 54,085.15 - 54,189.15 Far 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 supply/resistance zones currently visible on the chart.
NSE:BANKNIFTY
by PriteshPal
BankNifty Intraday Support & Resistance Levels for 26.09.2024On Wednesday, BankNifty opened with a gap down but recovered by the end of the session, closing at 54,101.65, gaining 133 points over the previous close. Both the Weekly and Daily Trends (50 SMA) remain positive. Support zones are 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.
NSE:BANKNIFTY
by PriteshPal