BankNifty Intraday Support & Resistance Levels for 04.10.2024
On Thursday, BankNifty opened gap down and faced intense selling pressure, diving deep into the daily demand zone. It hit a low of 51,683.40 before closing at 51,845.20, losing a significant 1,077 points from the previous close. While the Weekly Trend (50 SMA) remains positive, the Daily Trend (50 SMA) has shifted to sideways, indicating a potential change in momentum.
Demand/Support Zones:
Near Demand/Support Zone (Daily): 51,643.95 - 52,484.60 (current price inside the zone)
Far Demand/Support Zone (Daily): 50,369.40 - 51,420.15
Supply/Resistance Zones:
Near Minor Supply/Resistance Zone (30 min): 52,139.20 - 52,224.25
Near Supply/Resistance Zone (15 min): 52,282.55 - 52,392.25
Far Supply/Resistance Zone (30 min): 52,862.00 - 52,993.95
Near Supply/Resistance Zone (75 min): 53,763.20 - 53,945.10
Far Supply/Resistance Zone (75 min): 54,152.50 - 54,338.70
Stay alert as the market could experience heightened volatility in the coming sessions!
Demand/Support Zones:
Near Demand/Support Zone (Daily): 51,643.95 - 52,484.60 (current price inside the zone)
Far Demand/Support Zone (Daily): 50,369.40 - 51,420.15
Supply/Resistance Zones:
Near Minor Supply/Resistance Zone (30 min): 52,139.20 - 52,224.25
Near Supply/Resistance Zone (15 min): 52,282.55 - 52,392.25
Far Supply/Resistance Zone (30 min): 52,862.00 - 52,993.95
Near Supply/Resistance Zone (75 min): 53,763.20 - 53,945.10
Far Supply/Resistance Zone (75 min): 54,152.50 - 54,338.70
Stay alert as the market could experience heightened volatility in the coming sessions!
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