BankNifty entered the supply/resistance zone (above 50,092) mentioned in the last post and, due to selling pressure at higher levels, made a day low of 49,622.75, down from the top of 50,252.95. The weekly trend (50 SMA) is positive, while the daily trend is sideways.
Support Levels:
Near Support Zone (15m): 48,801 - 49,055 (remains the same)
Far Support Zone (75m): 47,386 - 48,245
Resistance Levels:
Near Resistance/Supply Zone (15m): 50,018 - 50,100
Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20 (remains the same)
Support Levels:
Near Support Zone (15m): 48,801 - 49,055 (remains the same)
Far Support Zone (75m): 47,386 - 48,245
Resistance Levels:
Near Resistance/Supply Zone (15m): 50,018 - 50,100
Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20 (remains the same)
