BankNifty Intraday Support & Resistance Levels for 25.06.2024
BankNifty opened gap-down on Monday, reacted from the 125m demand zone mentioned previously, and closed near the day's high. The weekly trend (50 SMA) is positive, while the daily trend remains sideways.
Support Levels:
Near support/demand zone (125m) for weekly trades: 50,879 - 51,213
Near support/demand zone (30m) for intraday: 51,161 - 51,357
Far small support/demand zone (15m): 50,597 - 50,765
As the daily trend is still sideways, taking confirmation entries for long trades in the 125m demand/support zone is advised.
There are no supply/resistance zones seen on the chart as of today.
Support Levels:
Near support/demand zone (125m) for weekly trades: 50,879 - 51,213
Near support/demand zone (30m) for intraday: 51,161 - 51,357
Far small support/demand zone (15m): 50,597 - 50,765
As the daily trend is still sideways, taking confirmation entries for long trades in the 125m demand/support zone is advised.
There are no supply/resistance zones seen on the chart as of today.
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