BankNifty Intraday Support & Resistance Levels for 10.02.2025

Friday’s session was highly volatile, with BankNifty opening positive and hitting a high of 50,641.75 before a sharp drop to 50,042.30. It rallied again to 50,462.35, but selling pressure pushed it to a day low of 49,871.15, entering the 15-minute Demand Zone. A slight recovery followed, and BankNifty closed at 50,158.85, losing 223 points over the previous close. The Weekly Trend (50 SMA) remains Negative, while the Daily Trend (50 SMA) is sideways.

Demand/Support Zones
Near Demand/Support Zone (125m): 48,906.05 - 49,373.45
Far Demand/Support Zone (15m): 48,511.70 - 48,627.95
Far Demand/Support Zone (125m): 47,981.35 - 48,319.20
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 (15m): 50,308.70 - 50,462.35
Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 (Tested)
Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (Inside Weekly Supply Zone)

Outlook
BankNifty continues to struggle near 50,500, facing resistance in the 15-minute zone. The weekly supply zone at 50,485 - 51,980 remains a crucial hurdle. On the downside, 49,900 - 49,800 is a key support area. A break above 50,500 could lead to further upside, while a failure to hold 49,800 may push it lower.