BankNifty Intraday Support & Resistance Levels for 05.07.2024
BankNifty opened gap-up and made a new all-time high of 53,357.70 but stayed within the previous day's range, ending flat with just a 14-point gain. The weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near 125m Support/Demand Zone: 51,996 - 52,379
Near 75m Support/Demand Zone: 51,510 - 51,784
Major Support/Demand Zone (Daily): 51,138 - 51,934
Resistance Levels:
Near Small Supply/Resistance Zone: 53,139 - 53,222 (tested yesterday)
Currently, there are no additional supply zones seen on the chart.
Support Levels:
Near 125m Support/Demand Zone: 51,996 - 52,379
Near 75m Support/Demand Zone: 51,510 - 51,784
Major Support/Demand Zone (Daily): 51,138 - 51,934
Resistance Levels:
Near Small Supply/Resistance Zone: 53,139 - 53,222 (tested yesterday)
Currently, there are no additional supply zones seen on the chart.
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