BankNifty Intraday Support & Resistance Levels for 06.11.2024

On Tuesday, BankNifty opened on a weak note, reaching a low of 50,865.45 within the 30-minute demand zone before surging over 1,000 points to a high of 52,289.55. It closed strong at 52,207.25, gaining 992 points from the previous close. The Weekly Trend (50 SMA) remains sideways, as does the Daily Trend.

Demand/Support Zones
Near Minor Demand/Support (30m): 50,900.10 - 51,230.85
Near Minor Demand/Support (15m): 50,382.10 - 50,485.15
Far Demand/Support (Daily): 49,654.65 - 49,959.25
Extended Support: 49,282.65 (61.8% FIBO Level)
Deep Demand/Support (Daily): 44,633.85 - 45,750.40

Supply/Resistance Zones
Near Supply/Resistance (15m): 52,264.05 - 52,349.45 (tested)
Far Supply/Resistance (Daily): 52,817.80 - 53,235.25
Extended Supply/Resistance (Weekly): 53,741.40 - 54,467.35