BankNifty Intraday Support & Resistance Levels for 11.09.2024

On Tuesday, BankNifty opened with a gap up inside the 15m supply zone mentioned in the previous post and dropped 370 points from the top. It later recovered from the low, making a day high of 51366 before closing at 51272.30. A crossover above 51316 with volume could push BankNifty towards 51750 - 52340. The weekly trend (50 SMA) remains positive, and the daily trend (50 SMA) is sideways.

Support Levels:
Near Demand/Support Zone (15m): 50564 - 50715
Far Demand/Support Zone (Weekly): 49530 - 50253
Far Demand/Support Zone (125m): 49681 - 49798

Resistance Levels:
Near Supply/Resistance Zone (125m): 51405 - 51512
Far Supply/Resistance Zone (30m): 51665 - 51732