BANKNIFTY levels

As of January 1, 2025, the NIFTY Bank Index (BANKNIFTY) is exhibiting the following support and resistance levels:

Support Levels:

Immediate Support: 50,600 – 50,500

Next Support: 50,000 – 49,900

These levels suggest that if the index falls below 50,600, it may find support around 50,000.


Resistance Levels:

Immediate Resistance: 51,400 – 51,500

Next Resistance: 52,000 – 52,200

If the index surpasses 51,500, it could encounter resistance near 52,000.