BankNifty Intraday Support & Resistance Levels for 15.10.2024

On Monday, BankNifty opened with a gap up, surged through the 15-minute supply zone, and hit a high of 51,893. It closed strong at 51,816.90, gaining 644 points from the previous close. BankNifty is now showing signs of a retracement move as it exited the Daily Demand Zone and reached a six-day high. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is negative.

BankNifty Demand/Support Zones for 15.10.2024:
Near Demand/Support Zone (Daily): 50,369.40 - 51,420.15 (tested)
Near Demand/Support Zone (125m): 51,005.85 - 51,246.50
Far Demand/Support Zone (Daily): 49,654.65 - 49,959.25
Far support at 49,282.65 (61.8% FIBO Level)

BankNifty Supply/Resistance Zones for 15.10.2024:
Near Supply/Resistance Zone (15m): 52,254.70 - 52,358.35
Far Supply/Resistance Zone (15m): 52,417.40 - 52,562.70
Near Supply/Resistance Zone (Daily): 52,817.80 - 53,235.25
Far Supply/Resistance Zone (75m): 53,763.20 - 53,945.10
Far Supply/Resistance Zone (75m): 54,152.50 - 54,338.70