BankNifty Support & Resistance Levels for 12.06.2024
BankNifty remained in a range yesterday and did not make significant moves to touch either the demand or supply zones. The weekly trend (50 SMA) is positive, while the daily trend remains sideways.
Support/Demand Levels:
Near Small Support/Demand Zone (15m): 49,225 - 49,451
Near Support Zone (15m): 48,801 - 49,055
Far Support Zone (75m): 47,386 - 48,245
Resistance/Supply Levels:
Near Supply/Resistance Zone (15m): 50,018 - 50,100
Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20 (remains the same)
Support/Demand Levels:
Near Small Support/Demand Zone (15m): 49,225 - 49,451
Near Support Zone (15m): 48,801 - 49,055
Far Support Zone (75m): 47,386 - 48,245
Resistance/Supply Levels:
Near Supply/Resistance Zone (15m): 50,018 - 50,100
Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20 (remains the same)
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