BankNifty Intraday Support & Resistance Levels for 30.08.2024

On Thursday, BankNifty attempted for the third time this week to break above the 51316 level (61.8% FIBO Retracement). It reached a high of 51368.95 but failed to sustain and closed at 51152.75. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways.

Support Levels:
Near 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 (15m): 51303 - 51369
Near Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609 (Already Tested)
Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188