BankNifty Intraday Support & Resistance Levels for 21.11.2024

On Tuesday, BankNifty opened gap-up, broke the 15m resistance zone, and rallied to a high of 50,983.50, meeting the anticipated resistance range of 50,725 - 51,000. However, during the last trading hour, it gave up all its gains and hit a day low of 50,440.85, eventually closing at 50,626.50, up by 262 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative.

Demand/Support Zones
Near Support (Daily): 49,654.65 - 49,959.25 (already touched twice)
Far Support: 49,282.65 (61.8% Fibonacci level)
Far Support Zone (Daily): 44,633.85 - 45,750.40

Supply/Resistance Zones
Near Resistance (30m): 50,774.35 - 50,876.45
Far Resistance (30m): 51,586.35 - 51,874.70
Far Resistance (Daily): 51,562.70 - 52,493.95
BANKNIFTYbankniftyanalysisbankniftyintradaytradesetupbankniftysupportresistancebankniftytrendSupply and DemandSupport and ResistanceTrend Analysis

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