On 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
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
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.