BankNifty Intraday Support & Resistance Levels for 16.07.2024

On Monday, BankNifty remained in a narrow range, failing to surpass the previous day's high and closing at 52,455.90 with a gain of 177 points. The weekly and daily trends (50 SMA) remain positive.

Support Levels:
Near Support/Demand Zone (75m) for weekly trade: 51,749 - 51,966
Major Support/Demand Zone (Daily): 51,138 - 51,934

Resistance Levels:
Near small Supply/Resistance Zone (30m): 53,064 - 53,188