BankNifty Intraday Support & Resistance Levels for 12.07.2024
On Thursday, BankNifty opened gap-up but fell to 51,749, touching the daily and 75m demand zones mentioned in the last post. It then recovered 590 points from the low. The weekly and daily trends (50 SMA) are still positive.
Support Levels:
Near support/demand zone (75m): 51,510 - 51,784 (tested)
Major support/demand zone (Daily): 51,138 - 51,934
Resistance Levels:
Near small supply/resistance zone (30m): 53,064 - 53,188
Support Levels:
Near support/demand zone (75m): 51,510 - 51,784 (tested)
Major support/demand zone (Daily): 51,138 - 51,934
Resistance Levels:
Near small supply/resistance zone (30m): 53,064 - 53,188
Penafian
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