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Bankniftysupportresistance

Bank Nifty Monthly Analysis: Key Support & Resistance LevelsFrom the monthly price action perspective, Bank Nifty has taken strong support at the 48,378.40 level. After the recent gap-down, the market has shown a good upward move. However, we are facing resistance at the 51,519.40 level. If there's any rejection from that level, the market might again take support around the 48,300 level. This is just an idea for educational purposes. Please do not consider this as any kind of financial advice. It is solely meant for knowledge purposes. Thank you.
NSE:BANKNIFTY
by Anonymous_2035
Bank Nifty spot 51564.85 by the Daily Chart view - Weekly updateBank Nifty spot 51564.85 by the Daily Chart view - Weekly update - Resistance Zone 52175 to 52575 for the Bank Nifty Index Band - Couple of Gap Up and Gap Down Openings yet to be filled and closed for Bank Nifty - Earlier Resistance Zone, acting as a sustained Support Zone at 49950 to 50275 for Bank Nifty Index Level - Both the Bullish "W" Double Bottoms are sustained and well shouldered by the Support Zone Lower Band
NSE:BANKNIFTY
by PIYUSHCHAVDA
Bank Nifty spot 50593.55 by the Daily Chart view - Weekly updateBank Nifty spot 50593.55 by the Daily Chart view - Weekly update - 1st Bullish "W" Double Bottom completed at the Lower Support Zone Index Band is maintained - 2nd Bullish "W" Double Bottom too has been completed with minor flip dip below Lower Support Zone - Earlier Resistance Zone 49950 to 50275 Index level is now anticipated to act as a sustained Support Zone - Lower level Support Zone 47850 to 48075 Index Band has been sustained with minor one flip dips below it - Rising Support Trendline is seen to be well respected with minor flip dips below it in Jan 2025 and March 2025
NSE:BANKNIFTY
by PIYUSHCHAVDA
Bank Nifty spot 48060.40 by the Daily Chart view - Weekly updateBank Nifty spot 48060.40 by the Daily Chart view - Weekly update - Resistance Zone 49950 to 50275 Index Level - Support Zone 47850 to 48075 Index Band sustained with one flip dips - 1st Bullish "W" Double Bottom formed and completed at the Support Zone Index Band - 2nd Bullish "W" Double Bottom been formed by minor flip dip below Support Zone Index Band - Rising Support Trendline seen well respected with minor flip dips below it in Jan 2025 and March 2025
NSE:BANKNIFTY
by PIYUSHCHAVDA
Banknifty Daily Analysis - 7.3.25📊 Bank Nifty Sentiment Analysis: Key Levels & Market Outlook Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Market conditions are subject to change, and traders should conduct their own research before making any decisions. 🏦 Market Overview 🔹 Open: 48,463.8 | 🔹 High: 48,709.05 | 🔹 Low: 48,359.35 🔹 Close: 48,497.5 | 🔹 Previous Close: 48,627.7 🔻 Bank Nifty remained under pressure, closing lower than the previous session. Despite attempts to recover, selling momentum was observed at higher levels, reflecting cautious market sentiment. 📈 Technical Outlook – Key Levels to Watch 📌 Resistance Levels: 🟥 R1 – 48,685 → Crucial Intraday Resistance 🚧 The index experienced selling pressure near this level. 🟥 R2 – 48,872 → Key Bullish Confirmation Zone 📈 A decisive move above this zone could indicate improving sentiment. 🟥 R3 – 49,034 → Breakout Level for Trend Reversal 🚀 If the index sustains above this level, a shift in momentum could be observed. 📌 Support Levels: 🟩 S1 – 48,335 → Immediate Support ✅ A level where market participants have previously shown buying interest. 🟩 S2 – 48,172 → Critical Support Zone ⚠️ A move below this could indicate increased downside pressure. 🟩 S3 – 47,985 → Possible Breakdown Point 🚨 A breach of this level may signal further weakness. 📌 Moving Averages: ❌ 50 EMA: 49,479.42 (🔻 Below trend) ❌ 100 EMA: 50,086.75 (🔻 Below trend) ❌ 200 EMA: 49,986.46 (🔻 Below trend) 💡 Analysis: The index is currently trading below its 50, 100, and 200 EMAs, which is often interpreted as a sign of weak momentum. However, price movements should be observed for further confirmation. 📊 Market Sentiment Overview 🔸 Factors Indicating Weakness: ❌ Trading below key EMAs, indicating a lack of strong upward momentum. ❌ Resistance at R1 (48,685) suggests supply pressure. ❌ The index did not sustain above its previous close. 🔹 Factors Indicating Potential Strength: ✅ S1 (48,335) has provided support in previous sessions. ✅ If the index moves above R1 (48,685), it could indicate improved sentiment. 📉 Overall Sentiment: Cautiously Bearish ⚠️ 🎯 Market Observation 📌 Potential Upside Movement: 🔹 If Bank Nifty moves above 48,685, further movement towards 48,872 - 49,034 could be observed. 🔹 A sustained move above 49,034 might indicate improving strength. 📌 Potential Downside Movement: 🔹 If Bank Nifty moves below 48,335, further movement toward 48,172 - 47,985 could be observed. 🔹 A sustained move below 47,985 might indicate increased selling pressure. Note: This is an analysis of potential market scenarios based on historical price movements and is not a recommendation to buy or sell. 📢 Conclusion 📌 Bank Nifty remains below key moving averages, indicating weak sentiment. However, support and resistance levels should be closely watched for confirmation of further movement. Market participants should remain cautious and manage risk effectively in volatile conditions. 🚀 Stay informed and trade responsibly!
NSE:BANKNIFTY
by simpletradewithpatience
BankNifty Intraday Support & Resistance Levels for 27.01.2025On Friday, BankNifty opened flat to negative and experienced a volatile session. It initially hit a low of 48,347.85, then rallied to the day’s high of 48,858.65 before declining sharply to a new low of 48,203 by the end of the day. The index closed at 48,367.80, losing 221 points compared to the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Minor Demand/Support Zone (5m): 48,074.05 - 48,171.10 Far Support Zone: 46,077.85 (low from 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (tested multiple times) Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 (inside the Daily supply zone) Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (inside the Weekly supply zone) Outlook This marks the third consecutive week that BankNifty has closed below the crucial June 2024 election week closing levels, indicating persistent selling pressure. Unless BankNifty finds support in the 47,800–48,000 zone, further downside could unfold in the coming days. However, a breakout above 49,000 and sustained trading in that range could trigger a bullish move, targeting the 50,000–50,500 zone. With the Union Budget 2025 approaching, heightened volatility is expected. Trade cautiously and keep an eye on key levels!
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 24.01.2025On Thursday, BankNifty saw a subdued session, opening flat to positive but struggling to sustain higher levels. It made a low of 48,493 during the first 30 minutes, rallied to a day high of 48,892.70, and then traded sideways for most of the session. As the day ended, it dipped near the day’s low and closed at 48,589, losing 135 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Minor Demand/Support Zone (5m): 48,074.05 - 48,171.10 Far 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 (Daily): 49,230.15 - 50,447.60 (tested multiple times) Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 (inside the Daily supply zone) Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (inside the Weekly supply zone) Outlook BankNifty continues to struggle around the 48,500 levels, indicating a lack of strong buying momentum. However, the 48,000 - 48,100 demand zone might provide support in the short term. On the upside, resistance around 49,200 - 49,800 needs to be breached for any sustained rally.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 23.01.2025On Wednesday, BankNifty showed resilience, opening on a positive note but dipping to a low of 48,074.05, breaking below the 125m Demand Zone and entering the Far 30m Demand Zone. From there, it rallied strongly during the final trading hour, touching a high of 48,781.75 before closing at 48,724.40, gaining 153 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative. Demand/Support Zones Near Demand/Support Zone (30m): 47,950.15 - 48,117.75 (tested) Far 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 (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (tested) Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 Outlook BankNifty's rally from the 30m Demand Zone highlights robust support around 47,950 - 48,100. On the upside, the 49,200 - 49,400 range presents significant resistance, with further barriers near 49,800 - 50,000. A breakout above these levels could open doors to 50,900+.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 22.01.2025Tuesday's session saw extreme volatility, with BankNifty opening positive and made day high of 49,543.15. However, it faced heavy selling pressure, dropping to 48,692, followed by a bounce to 49,280.70, and finally sliding to a day low of 48,430.95, entering the 125m Demand Zone. It closed at 48,570.90, losing 780 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative. Demand/Support Zones Near Demand/Support Zone (125m): 48,375.60 - 48,610.10 (current price inside the zone) Far Demand/Support Zone (30m): 47,950.15 - 48,117.75 Far 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 (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (tested) Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 Outlook BankNifty is currently in the 125m Demand Zone (48,375.60 - 48,610.10), which could offer support. If this zone holds, we may see a bounce. However, a break below could lead to further downside.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 21.01.2025On Monday, BankNifty opened gap-up, dipped to a low of 48,683.60, and rallied to a high of 49,650.60, once again entering the Daily Supply Zone. It closed at 49,350.80, gaining a robust 810 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Demand/Support Zone (15m): 48,950.10 - 49,064.80 Near Demand/Support Zone (125m): 48,375.60 - 48,610.10 Far Demand/Support Zone (15m): 47,950.15 - 48,117.75 Far Support Level: 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 (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (current price inside this zone) Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 Outlook BankNifty found support near 48,300 and has once again entered the Daily Supply Zone (49,230.15 - 50,447.60). If the 15m Demand Zone (48,950.10 - 49,064.80) remains unbroken, we could witness a rally toward 49,750 or even 50,000 in the upcoming sessions.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 20.01.2025On Friday, BankNifty opened gap-down, touched a high of 49,047.20, and dropped sharply to a low of 48,309.50. It ended the day at 48,540.60, losing a significant 738 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Demand/Support Zone (15m): 47,950.15 - 48,117.75 Near Support Level: 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 (15m): 49,278.70 - 49,389.95 Near Supply/Resistance Zone (15m): 49,492.15 - 49,557.35 Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (tested)
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 17.01.2025On Thursday, BankNifty opened with a huge gap-up at 49,082.90, made a low of 49,038.45, and surged to a high of 49,459, entering the Daily Supply Zone (49,230.15 - 50,447.60). It eventually closed at 49,278.70, gaining an impressive 527 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Demand/Support Zone (15m): 47,950.15 - 48,117.75 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 (15m): 49,492.15 - 49,557.35 Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 Far Supply/Resistance Zone (125m): 51,082.80 - 51,671.60 Far Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Outlook BankNifty entered the Daily Supply Zone, and with the trend remaining negative, caution is advised when going long at these levels unless there is a decisive breakout above the supply zone.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 16.01.2025On Wednesday, BankNifty opened gap-up, hitting a high of 49,083.65 early in the session. However, it faced selling pressure and dropped to a low of 48,522.40 before recovering slightly to close at 48,751.70, gaining a modest 22 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 47,950.15 - 48,117.75 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 (15m): 49,175.30 - 49,358.15 Near Supply/Resistance Zone (15m): 49,492.15 - 49,557.35 Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 Far Supply/Resistance Zone (125m): 51,082.80 - 51,671.60 Far Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Outlook BankNifty continues to face resistance at higher levels. But, if the 15m demand zone remains intact, it could test 49,400 or even 49,800 in the coming sessions. However, sustained selling could pull it towards the lower supports.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 15.01.2025On Tuesday, BankNifty opened gap-up as expected, made a low of 48,235.20, and rallied to a high of 49,007.35 during the session. It closed at 48,729.15, gaining an impressive 688 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 47,950.15 - 48,117.75 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 (15m): 49,175.30 - 49,358.15 Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 Outlook If BankNifty sustains 15m Demand zone, it could test 49,200 in the coming sessions.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 14.01.2025On 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.
NSE:BANKNIFTY
by PriteshPalan