On Wednesday, BankNifty opened flat and rallied over 750 points to reach a high of 52,954.20. However, some profit bookings followed, and it closed at 52,750.40, gaining 561 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain positive.
Demand/Support Zones: Near Demand/Support Zone (15 min): 52,406.95 - 52,484.55 Far Demand/Support Zone (125 min): 51,643.95 - 51,938.05 Far Demand/Support Zone (Daily): 50,369.40 - 51,420.15
Supply/Resistance Zones: Near Supply/Resistance Zone (Daily): 53,103.70 - 53,357.70
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