BankNifty Intraday Support & Resistance Levels for 05.12.2024

On Wednesday, BankNifty opened with a positive bias, hitting a low of 52685.15 before rallying to a high of 53387.10, breaking above the Daily supply zone. It closed at 53266.90, gaining 571 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has turned positive, suggesting an upward momentum.

Demand/Support Zones
Near Demand/Support Zone (15m): 53011.45 - 53128.65
Near Demand/Support Zone (75m): 52563.20 - 52780.90
Far Demand/Support Zone (30m): 52045.55 - 52194.65
Far Demand/Support Zone (30m): 51040.05 - 51271.50
Far Demand/Support Zone (Daily): 49787.10 - 50983.50

Supply/Resistance Zones
Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35
BANKNIFTYbankniftyanalysisbankniftyintradaytradesetupbankniftysupportresistancebankniftytrendSupply and DemandSupport and ResistanceTrend Analysis

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