BankNifty Intraday Support & Resistance Levels for 08.07.2024
On Friday, BankNifty opened gap-down, found support at the 125m demand zone (51,996 - 52,379) mentioned in the last post, and bounced back but did not fully recover due to a lack of buying pressure, closing 443 points down at 52,660.35. The weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near Support/Demand Zone (125m): 51,996 - 52,379
Far Support/Demand Zone (75m): 51,510 - 51,784
Major Support/Demand Zone (Daily): 51,138 - 51,934
Resistance Levels:
Near Small Supply/Resistance Zone (30m): 53,064 - 53,188
Support Levels:
Near Support/Demand Zone (125m): 51,996 - 52,379
Far Support/Demand Zone (75m): 51,510 - 51,784
Major Support/Demand Zone (Daily): 51,138 - 51,934
Resistance Levels:
Near Small Supply/Resistance Zone (30m): 53,064 - 53,188
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