On Tuesday, BankNifty stayed within a 300-point range before closing 59 points down at 52,396.80. A decisive crossover above 52,750 with volume might lead to a new all-time high. The weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near Support/Demand Zone (75m) for weekly trade: 51,749 - 51,966
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 (75m) for weekly trade: 51,749 - 51,966
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.