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Bankniftysupportresistance

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 PriteshPalan
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 PriteshPalan
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 PriteshPalan
#BankNifty Intraday Support & Resistance Levels for 25.09.2024On Tuesday, BankNifty opened flat, made a new all-time high of 54,247.70 during the last hour of trading, and closed at 53,968.60, losing 137 points from 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 PriteshPalan
BankNifty Intraday Support & Resistance Levels for 24.09.2024On 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.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 23.09.2024On Friday, BankNifty opened with a gap up and, during a highly volatile session, made a new all-time high of 54,066.10. It closed at 53,793.20, gaining 755 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain positive. 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 PriteshPalan
BankNifty Intraday Support & Resistance Levels for 20.09.2024On Thursday, BankNifty opened with a gap up and reached a high of 53,353.30, just 4 points shy of its all-time high of 53,357.70. Profit booking followed, and it closed at 53,037.60, gaining 287 points from the previous day. Both the Weekly and Daily Trends (50 SMA) remain positive. Demand/Support Zones: Near Demand/Support Zone (125 min): 52,622.80 - 52,859.05 (tested) Far Demand/Support Zone (15 min): 52,406.95 - 52,484.55 Far Demand/Support Zone (Daily): 52,085.50 - 52,284.60 Far Demand/Support Zone (125 min): 51,643.95 - 51,938.05 Supply/Resistance Zones: No visible supply/resistance zones on the chart at the moment.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 19.09.2024On Wednesday, BankNifty opened flat and rallied over 750 points to reach a high of 52,954.20. However, some profit bookings followed, and it closed at 52,750.40, gaining 561 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain positive. Demand/Support Zones: Near Demand/Support Zone (15 min): 52,406.95 - 52,484.55 Far Demand/Support Zone (125 min): 51,643.95 - 51,938.05 Far Demand/Support Zone (Daily): 50,369.40 - 51,420.15 Supply/Resistance Zones: Near Supply/Resistance Zone (Daily): 53,103.70 - 53,357.70
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 18.09.2024On Tuesday, BankNifty opened with a gap up and traded within a narrow 200-point range throughout the day, closing at 52,188.65, gaining 35 points. The 15-minute ascending trendline mentioned in the previous post was broken in the first 15 minutes, but no significant drop followed, indicating that the bulls still have the strength to hold the index. The Weekly Trend (50 SMA) remains positive, and the Daily Trend (50 SMA) is also positive. Support and resistance zones are unchanged. Demand/Support Zones: Near Demand/Support Zone (15 min): 51,514.55 - 51,613.95 Far Demand/Support Zone (75 min): 51,025.00 - 51,222.65 Far Demand/Support Zone (75 min): 50,564.65 - 50,760.55 Supply/Resistance Zones: Near Supply/Resistance Zone (Daily): 52,145.60 - 52,586.75 (current price inside the zone) Far Supply/Resistance Zone (Daily): 53,103.70 - 53,357.70
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 17.09.2024On Monday, BankNifty opened with a gap up, hitting a high of 52,208.70, entering the daily Supply zone mentioned in the last post, and closed at 52,153.15, gaining 215 points. Keep a close eye on the 15-minute ascending trendline. Any significant red candle (with 75% of the candle body below the trendline) breaking and closing below it could drag BankNifty down to 51,618 (15-minute Demand/Support Zone). The Weekly Trend (50 SMA) remains positive, and the Daily Trend (50 SMA) has shifted from sideways to positive. Support and resistance zones remain unchanged. Demand/Support Zones: Near Demand/Support Zone (15 min): 51,514.55 - 51,613.95 Far Demand/Support Zone (75 min): 51,025.00 - 51,222.65 Far Demand/Support Zone (75 min): 50,564.65 - 50,760.55 Supply/Resistance Zones: Near Supply/Resistance Zone (Daily): 52,145.60 - 52,586.75 (current price inside the zone) Far Supply/Resistance Zone (Daily): 53,103.70 - 53,357.70
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 16.09.2024On Friday, BankNifty opened with a gap up, reaching a high of 51,994.10 and remaining within a narrow range, closing at 51,920.90, gaining 165 points. The weekly close was above both the previous week's and the month's high. If last week's low of (50369.40) holds, we could see further upward movement and potential new highs in the coming weeks. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is currently sideways. Demand/Support Zones: Near Demand/Support Zone (15 min): 51,514.55 - 51,613.95 Far Demand/Support Zone (75 min): 51,025.00 - 51,222.65 Far Demand/Support Zone (75 min): 50,564.65 - 50,760.55 Supply/Resistance Zones: Near Supply/Resistance Zone (Daily): 52,145.60 - 52,586.75 Far Supply/Resistance Zone (Daily): 53,103.70 - 53,357.70
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 13.09.2024On Thursday, BankNifty decisively crossed the 51316 level (61.8% FIBO mentioned in previous posts) with strong volume, reaching a high of 51878.10 before closing at 51772.40, gaining 762 points. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support zone (15m): 51514.55 - 51613.95 Near Demand/Support zone (75m): 51025 - 51221.95 Near Demand/Support zone (75m): 5064.55 - 50760.55 Far Demand/Support zone (Weekly): 49530 - 50253 Resistance Levels: Near Supply/Resistance Zone (Daily): 52145.60 - 52586.75 Far Supply/Resistance Zone (Daily): 53103.70 - 53357.70
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 12.09.2024On Wednesday, BankNifty reached a high of 51420.15, touching the 125m supply zone mentioned in the previous post, before dropping over 450 points to close at 51010. A breakout above 51316 (61.8% FIBO retracement level) with volume could open the door to higher levels at 51750 - 52340. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (15m): 50564 - 50715 Far Demand/Support Zone (Weekly): 49530 - 50253 Far Demand/Support Zone (125m): 49681 - 49798 Resistance Levels: Near Supply/Resistance Zone (30m): 51445 - 51497 Far Supply/Resistance Zone (30m): 51665 - 51732
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 11.09.2024On Tuesday, BankNifty opened with a gap up inside the 15m supply zone mentioned in the previous post and dropped 370 points from the top. It later recovered from the low, making a day high of 51366 before closing at 51272.30. A crossover above 51316 with volume could push BankNifty towards 51750 - 52340. The weekly trend (50 SMA) remains positive, and the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (15m): 50564 - 50715 Far Demand/Support Zone (Weekly): 49530 - 50253 Far Demand/Support Zone (125m): 49681 - 49798 Resistance Levels: Near Supply/Resistance Zone (125m): 51405 - 51512 Far Supply/Resistance Zone (30m): 51665 - 51732
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 10.09.2024On Monday, BankNifty opened with a gap down but rebounded more than 800 points from the day’s low, reaching a high of 51192.75 before closing at 51117.80. A breakout above 51316 with strong volume could push BankNifty higher towards 51750 - 52340. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Minor Demand/Support Zone (15m): 50564 - 50715 Far Demand/Support Zone (Weekly): 49530 - 50253 Far Demand/Support Zone (125m): 49681 - 49798 Resistance Levels: Near Supply/Resistance Zone (15m): 51201 - 51375 Far Supply/Resistance Zone (125m): 51405 - 51512
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 09.09.2024On Friday, BankNifty opened gap down and, under heavy selling pressure, fell over 1000 points before closing at 50576.85, losing 960 points. Currently, BankNifty is in the daily demand zone (50333 - 50772). If it breaks below this level, we might see a decline towards 49800 and lower. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (Daily): 50333 - 50772 Far Demand/Support Zone (Weekly): 49530 - 50253 Far Demand/Support Zone (125m): 49681 - 49798 Resistance Levels: Near Supply/Resistance Zone (30m): 50740 - 50862 Far Supply/Resistance Zone (15m): 51201 - 51375 Far Supply/Resistance Zone (125m) for weekly trade: 51405 - 51512
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 06.09.2024On Thursday, BankNifty opened with a gap up, reaching a high of 51636.75 and staying range-bound throughout the session, eventually closing with a 72-point gain at 51473.05. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near minor Demand/Support Zone (15m): 50984 - 51073 Far Demand/Support Zone (30m): 50663 - 50772 Far Demand/Support Zone (30m): 50393 - 50507 Resistance Levels: Near Supply/Resistance Zone (15m): 51665 - 51732 Far Supply/Resistance Zone (30m): 52103 - 52340 Far Supply/Resistance Zone (125m) for weekly trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 05.09.2024On Wednesday, BankNifty opened with a gap down, landing inside the 75m demand zone. It made a low of 51259.90 but managed a slight recovery by the end of the day, closing at 51400.25 (still within the 75m demand zone). The weekly trend (50 SMA) is positive, while the daily trend (50 SMA) remains sideways. Currently, GIFT NIFTY is trading 90 points higher, suggesting a potential gap-up opening today. Support Levels: Near Demand/Support Zone (75m): 51240 - 51433 (current price inside the zone) Near Minor Demand/Support Zone (15m): 50984 - 51073 Far Demand/Support Zone (30m): 50663 - 50772 Far Demand/Support Zone (30m): 50393 - 50507 Far Demand/Support Zone (30m): 49806 - 50017 Far Demand/Support Zone (125m): 49681 - 49797 Resistance Levels: Near Supply/Resistance Zone (15m): 51665 - 51732 Far Supply/Resistance Zone (30m): 52103 - 52340 Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 04.09.2024On Tuesday, BankNifty opened flat, dipped to a low of 51240 but quickly recovered, closing near the day's high at 51750.10. I clearly mentioned in the previous posts that, "if BankNifty sustains above 51316, we might see a rally to 51750 and beyond," which is exactly what happened. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. With GIFT NIFTY trading 200 points lower, a gap-down opening is possible today. Support Levels: Near Demand/Support Zone (75m): 51240 - 51433 Near Minor Demand/Support Zone (15m): 50984 - 51073 Far Demand/Support Zone (30m): 50663 - 50772 Far Demand/Support Zone (30m): 50393 - 50507 Far Demand/Support Zone (30m): 49806 - 50017 Far Demand/Support Zone (125m): 49681 - 49797 Resistance Levels: Near Supply/Resistance Zone (30m): 52103 - 52340 Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 03.09.2024On Monday, BankNifty opened with a gap up, reaching an open-high of 51579.50 before closing at 51439.55. BankNifty is now above the 51316 level, which is the 61.8% FIBO retracement. If it sustains above this level, we might see a rally towards 51750 and beyond. The weekly trend (50 SMA) is positive, while the daily trend (50 SMA) remains sideways. Support Levels: Near Minor Demand/Support Zone (15m): 50984 - 51073 Near Demand/Support Zone (30m): 50663 - 50772 Far Demand/Support Zone (30m): 50393 - 50507 Far Demand/Support Zone (30m): 49806 - 50017 Far Demand/Support Zone (125m): 49681 - 49797 Resistance Levels: Near Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609 (Current price inside the zone) Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 02.09.2024On Friday, BankNifty opened with a gap up, reaching a high of 51466.55 before closing at 51351. With BankNifty now above the 51316 level (61.8% FIBO retracement), sustained trading above this level could trigger a rally towards 51750 and beyond. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Minor Demand/Support Zone (15m): 50984 - 51073 Near Demand/Support Zone (30m): 50663 - 50772 Far Demand/Support Zone (30m): 50393 - 50507 Far Demand/Support Zone (30m): 49806 - 50017 Far Demand/Support Zone (125m): 49681 - 49797 Resistance Levels: Near Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609 (Current price inside the zone) Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 30.08.2024On Thursday, BankNifty attempted for the third time this week to break above the 51316 level (61.8% FIBO Retracement). It reached a high of 51368.95 but failed to sustain and closed at 51152.75. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (30m): 50663 - 50772 Far Demand/Support Zone (30m): 50393 - 50507 Far Demand/Support Zone (30m): 49806 - 50017 Far Demand/Support Zone (125m): 49681 - 49797 Resistance Levels: Near Resistance Level: 51316 (61.8% FIBO Retracement level) Near Supply/Resistance Zone (15m): 51303 - 51369 Near Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609 (Already Tested) Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan