BankNifty Intraday Support & Resistance Levels for 04.11.2024

On Friday, BankNifty opened with a gap up, breaking through near 5m and 15m supply zones to reach a high of 51,825.50 before closing at 51,673.90, up by 198 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain sideways.

Demand/Support Zones
Near Minor Demand/Support (5m): 51,158.65 - 51,233.50
Near Demand/Support (15m): 50,382.10 - 50,485.15
Far Demand/Support (Daily): 49,654.65 - 49,959.25
Far Support: 49,282.65 (61.8% FIBO Level)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40

Supply/Resistance Zones
Near Supply/Resistance (15m): 52,264.05 - 52,349.45
Near Supply/Resistance (Daily): 51,855.15 - 52,577.50 (tested)
Far Supply/Resistance (Daily): 52,817.80 - 53,235.25
Far Supply/Resistance (Weekly): 53,741.40 - 54,467.35