BankNifty Intraday Support & Resistance Levels for 18.09.2024

一昨日On Tuesday, BankNifty opened with a gap up and traded within a narrow 200-point range throughout the day, closing at 52,188.65, gaining 35 points. The 15-minute ascending trendline mentioned in the previous post was broken in the first 15 minutes, but no significant drop followed, indicating that the bulls still have the strength to hold the index. The Weekly Trend (50 SMA) remains positive, and the Daily Trend (50 SMA) is also positive. Support and resistance zones are unchanged.

Demand/Support Zones:
Near Demand/Support Zone (15 min): 51,514.55 - 51,613.95
Far Demand/Support Zone (75 min): 51,025.00 - 51,222.65
Far Demand/Support Zone (75 min): 50,564.65 - 50,760.55

Supply/Resistance Zones:
Near Supply/Resistance Zone (Daily): 52,145.60 - 52,586.75 (current price inside the zone)
Far Supply/Resistance Zone (Daily): 53,103.70 - 53,357.70