BankNifty Intraday Support & Resistance Levels for 13.09.2024

On Thursday, BankNifty decisively crossed the 51316 level (61.8% FIBO mentioned in previous posts) with strong volume, reaching a high of 51878.10 before closing at 51772.40, gaining 762 points. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways.

Support Levels:
Near Demand/Support zone (15m): 51514.55 - 51613.95
Near Demand/Support zone (75m): 51025 - 51221.95
Near Demand/Support zone (75m): 5064.55 - 50760.55
Far Demand/Support zone (Weekly): 49530 - 50253

Resistance Levels:
Near Supply/Resistance Zone (Daily): 52145.60 - 52586.75
Far Supply/Resistance Zone (Daily): 53103.70 - 53357.70