BankNifty Intraday Support & Resistance Levels for 13.11.2024

On Tuesday, BankNifty opened with a gap up, hitting a high of 52,169.05 before a sharp sell-off brought it down over 1,000 points to a low of 51,006.85, reaching the 30m demand zone highlighted in our last post. It closed at 51,157.80, down by 719 points. The Weekly and Daily Trends (50 SMA) both remain sideways.

As BankNifty closed within the 30m demand zone, it has a chance to hold support around 50,900. If this level holds, a bounce to 51,650 or even 52,000 could be in play. However, if BankNifty falls below 50,900, it may slide further to the next major support at 49,959 or lower.

Demand/Support Zones
Near Support (30m): 50,900.10 - 51,230.85 (current price within the zone)
Deeper Support (15m): 50,382.10 - 50,485.15
Major Support (Daily): 49,654.65 - 49,959.25
Far Support: 49,282.65 (61.8% FIBO)
Extended Support (Daily): 44,633.85 - 45,750.40

Supply/Resistance Zones
Immediate Resistance (15m): 51,652.20 - 51,758.90
Higher Resistance (15m): 51,919.75 - 52,008.05
Key Resistance (30m): 52,232.35 - 52,396.50
Major Resistance (Daily): 52,817.80 - 53,235.25
Extended Resistance (Weekly): 53,741.40 - 54,467.35