Nifty Bank Index

BankNifty Intraday Support & Resistance Levels for 29.08.2024

On Wednesday, BankNifty opened with a gap down and remained in a narrow range throughout the day, closing at 51143.85, down by 134 points. The weekly trend (50 SMA) is positive, and the daily trend (50 SMA) remains sideways.

Support Levels:
Far Demand/Support Zone (30m): 50663 - 50772
Far Demand/Support Zone (30m): 50393 - 50507
Far Demand/Support Zone (30m): 49806 - 50017
Far Demand/Support Zone (125m): 49681 - 49797

Resistance Levels:
Near Resistance Level: 51316 (61.8% FIBO Retracement level)
Near Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609 (Already Tested)
Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188

Pernyataan Penyangkalan

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