BankNifty Intraday Support & Resistance Levels for 21.06.2024
BankNifty reacted exactly from the 5m supply zone mentioned in yesterday's post. The weekly trend (50 SMA) is positive, but the daily trend is still sideways.
Support Levels:
Near Support/Demand Zone (125m): 50,879 - 51,213 (remains the same)
Far Small Support/Demand Zone (15m): 50,597 - 50,765 (remains the same)
As the daily trend is still sideways, taking confirmation entries for long trades in the 125m demand/support zone is advised.
Resistance Levels:
Currently, there are no supply/resistance zones seen on the chart.
Support Levels:
Near Support/Demand Zone (125m): 50,879 - 51,213 (remains the same)
Far Small Support/Demand Zone (15m): 50,597 - 50,765 (remains the same)
As the daily trend is still sideways, taking confirmation entries for long trades in the 125m demand/support zone is advised.
Resistance Levels:
Currently, there are no supply/resistance zones seen on the chart.
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