As of December 29, 2024, the Nifty Bank Index (BANKNIFTY) closed at 51,311.30, reflecting an increase of 140.60 points (0.27%) from the previous close. INVESTING
For the upcoming trading session, key support and resistance levels have been identified based on recent price movements:
R1: 51,546.47 R2: 51,781.63 R3: 51,934.82 These levels are derived from pivot point calculations, which are widely used to determine potential turning points in the market. TOP STOCK RESEARCH
Additionally, technical indicators provide further insights:
Relative Strength Index (RSI): 48.517 (Neutral) Moving Average Convergence Divergence (MACD): -43.34 (Sell) Average Directional Index (ADX): 21.376 (Buy) These indicators suggest a mixed outlook, with the RSI indicating neutrality, MACD signaling a potential bearish trend, and ADX pointing towards a developing trend. MONEYCONTROL
Please note that market conditions can change rapidly, and it's essential to consider multiple factors when making trading decisions.
Disclaimer: The information provided is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
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