BankNifty Intraday Support & Resistance Levels for 04.12.2024

On Tuesday, BankNifty opened gap-up, hit a low of 52216.85, and rallied to a day high of 52780.90, testing the 15m supply zone. It closed at 52695.75, gaining 586 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, signaling a neutral bias.

Demand/Support Zones
Near Demand/Support Zone (30m): 52045.55 - 52194.65
Far Demand/Support Zone (30m): 51040.05 - 51271.50
Far small Demand/Support Zone (15m): 50609.75 - 50824.55
Far Support: 49282.65 (61.8% FIBO Level)
Far Demand/Support Zone (Daily): 44633.85 - 45750.40

Supply/Resistance Zones
Near Supply/Resistance Zone (Daily): 52817.80 - 53235.25
Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35