BankNifty Intraday Support & Resistance Levels for 01.07.2024

BankNifty closed negative for the second consecutive day, losing 469 points on Friday. Despite this, the weekly and daily trends (50 SMA) remain positive, suggesting a potential bounce back from lower demand zones.

Support Levels:
Near Support/Demand Zone (75m) for Weekly Trade: 52,015 - 52,189
Major Support/Demand Zone (Daily): 51,138 - 51,934

Resistance Levels:
Near Minor Resistance/Supply Zone: 53,060 - 53,181