BANKNIFTY Support & Resistance

As of December 24, 2024, the Nifty Bank Index (BANKNIFTY) closed at ₹51,233.00, reflecting a decrease of 0.16% from the previous close.

The following support and resistance levels have been identified for BANKNIFTY:

Support Levels:

S1: ₹51,119.64
S2: ₹51,006.27
S3: ₹50,875.04
Resistance Levels:

R1: ₹51,364.24
R2: ₹51,495.47
R3: ₹51,608.84
These levels are derived from pivot point calculations, which are commonly used in technical analysis to determine potential support and resistance areas.

Please note that support and resistance levels are dynamic and can change based on market conditions.

It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.