BankNifty Intraday Support & Resistance Levels for 23.07.2024
On Monday, BankNifty entered the 75m and daily demand zones, bouncing 500 points from the day's low before closing at 52880.40. A decisive crossover above 52750 with volume might lead to a new all-time high. The weekly and daily trends (50 SMA) are still positive. As mentioned in the last post, the support and resistance levels remain the same.
Support Levels:
Near support/demand zone (75m) for weekly trade: 51749 - 51966
Major support/demand zone (Daily): 51138 - 51934
Resistance Levels:
Near small supply/resistance zone (15m): 52482 - 52563
Far supply/resistance zone (30m): 53064 - 53188
Support Levels:
Near support/demand zone (75m) for weekly trade: 51749 - 51966
Major support/demand zone (Daily): 51138 - 51934
Resistance Levels:
Near small supply/resistance zone (15m): 52482 - 52563
Far supply/resistance zone (30m): 53064 - 53188
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