BankNifty Intraday Support & Resistance Levels for 19.12.2024

On Wednesday, BankNifty opened negative, reached a high of 52827.60, but slipped to a low of 52010.65, entering the Daily Demand Zone. It ended the day at 52139.55, down by 695 points, marking its second consecutive losing session. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) has shifted to sideways.

Demand/Support Zones
Near Demand/Support Zone (Daily): 51693.95 - 52197.25 (current price inside this zone)
Far Support: 51353 (61.8% Fibonacci level)
Far Demand/Support Zone (125m): 50898.75 - 51271.50
Far Demand/Support Zone (Daily): 49787.10 - 50983.50

Supply/Resistance Zones
Near Supply/Resistance Zone (125m): 52709.40 - 52911.10
Near Supply/Resistance Zone (15m): 53159.20 - 53276.55
Far Supply/Resistance Zone (30m): 53489.70 - 53675.05
Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (tested)