BankNifty Intraday Support & Resistance Levels for 18.07.2024

On Tuesday, BankNifty stayed within a 300-point range before closing 59 points down at 52,396.80. A decisive crossover above 52,750 with volume might lead to a new all-time high. The weekly and daily trends (50 SMA) remain positive.

Support Levels:
Near Support/Demand Zone (75m) for weekly trade: 51,749 - 51,966
Major Support/Demand Zone (Daily): 51,138 - 51,934

Resistance Levels:
Near small Supply/Resistance Zone (30m): 53,064 - 53,188