BANKNIFTY KEY LEVELS FOR 18/02/2025//description
// All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com
// Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work.
I want to make it clear that I am not a seller, and this method was not taught to me by anyone. The original creator only gave me one clue:
๐ "If you get one level, you get all levels."
Everything elseโthe way I nail it the method and applied itโis my own work. I respect the original idea, but my approach is independent.
Explanation:
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
Entry/Exit Points:
- Entry/Exit Lines: Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- Stop Loss: For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- Take Profit: For long trades, target the next RED line above. For short trades, target the next BLACK line below.
Timeframe:
Use a 5 mins timeframe for trading.
Risk Disclaimer:
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
BANKNIFTY trade ideas
BANKNIFTY : Trading Plan for 18-Feb-2025๐น Key Levels to Watch
Opening Resistance / Support Zone: 49,435 - 49,332
Last Intraday Resistance: 49,676 - 49,802
Opening Support Zone: 48,920 - 48,993
Last Intraday Support: 48,696
๐ข Scenario 1: Gap-Up Opening (200+ Points Above Previous Close)
If BANKNIFTY opens above 49,435, it enters a crucial resistance zone.
A rejection from 49,676 - 49,802 may lead to a shorting opportunity with targets at 49,435 - 49,332.
If price sustains above 49,802, expect a breakout move towards 49,997, with momentum building.
Safe traders should wait for retests at support levels before entering trades.
๐ Plan of Action:
๐น Look for bearish rejection signals at resistance for a short trade.
๐น If the price breaks out with volume, go long with a stop-loss below 49,676.
โ Scenario 2: Flat Opening (Within 100 Points of Previous Close)
If BANKNIFTY opens around 49,279 - 49,228, we are in a neutral zone.
Holding above 49,332 could push price towards 49,676.
A break below 49,228 could trigger selling towards 48,993.
Avoid trades in choppy price action; wait for confirmation.
๐ Plan of Action:
๐น Wait for price confirmation at 49,332 before taking positions.
๐น Trade only after a clear trend is established.
๐ด Scenario 3: Gap-Down Opening (200+ Points Below Previous Close)
If BANKNIFTY opens near or below 48,920, it enters a support zone.
Holding 48,920 - 48,696 can lead to a bounce back to 49,228 - 49,332.
Breaking below 48,696 could see strong selling pressure towards lower levels.
๐ Plan of Action:
๐น Look for bullish price action at support for long trades.
๐น If price sustains below 48,696, consider shorting with a stop-loss above the resistance zone.
โ ๏ธ Risk Management Tips for Options Trading
โ
Position Sizing: Trade with small lot sizes in volatile conditions.
โ
Stop-Loss Discipline: Always set SL and stick to it!
โ
Avoid Overtrading: Enter only on confirmed setups.
โ
Time Decay Awareness: Avoid holding options overnight unless confident about direction.
๐ Summary & Conclusion
Bullish Bias above 49,435, targeting 49,676 - 49,997.
Bearish Breakdown below 48,920, targeting 48,696 - 48,500.
Flat Openings require confirmation before entering trades.
๐จ Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk.
Banknifty Demand Zone The Bank Nifty is an index that represents the performance of the banking sector in India, comprising the most liquid and large-cap banking stocks listed on the National Stock Exchange (NSE). A demand zone in the context of Bank Nifty refers to a price area where buying interest is historically strong, often acting as a support level. If the Bank Nifty is approaching or reacting to a demand zone, it could indicate a potential reversal or bounce.
[INTRADAY] #BANKNIFTY PE & CE Levels(17/02/2025)Today will be flat opening expected in banknifty. After opening if banknifty starts trading below 48950 level then possible further major downside of 400-500+ points in index. 49050 level will act as a support for today's session. Any upside move only expected if banknifty sustain above this level. Upside 49450 level is the crucial resistance index. Any upside rally can be reversal from this level.
Technical analysis of Bank nifty Bank Nifty (5-min chart)
Plan: Price demand zone se bounce le sakta hai ya breakdown hoke lower zone test karega.
Levels:
Upside target: 49,400 - 49,600 resistance zone.
Downside target: 48,800 - 48,400 demand zone.
Volume Analysis: Higher volumes breakout ko support karenge.
BANKNIFTY : Trading levels and Plan for 17-Feb-2025๐ Market Context:
BANKNIFTY has been volatile with key resistance and support levels forming strong zones. A structured approach is necessary to navigate different opening scenarios effectively.
---
1. Gap-Up Opening (200+ Points) Scenario
If BANKNIFTY opens above 49,242 , it enters the Opening Resistance/Support zone.
A rejection here can trigger a short trade , targeting 48,827 .
Sustained buying above 49,242 may lead to a rally toward the next resistance at 49,800 .
Breakout above 49,800? Expect a push toward 49,984 , where partial profit booking is advised.
๐น Action Plan:
โ
Watch for rejection at 49,242 โ Short with SL above 49,300.
โ
If breakout and sustain above 49,242 , go long for 49,800 .
โ
Above 49,800 , confirm strength before fresh longs.
๐ก Tip: In a gap-up, options premiums are inflated. Use spreads instead of naked options.
---
2. Flat Opening (Within 49,070-49,242)
A flat open suggests uncertainty โ potential No Trade Zone .
A breakout above 49,242 confirms bullishness.
A breakdown below 49,070 invites selling toward 48,827 .
๐น Action Plan:
โ
Avoid aggressive trades in the 49,070-49,242 range (No Trade Zone).
โ
If price moves above 49,242 , take longs with SL below 49,070 .
โ
Below 49,070 , short for 48,827 .
๐ก Tip: Wait 15-30 minutes before entering trades in flat openings to avoid fake breakouts.
---
3. Gap-Down Opening (200+ Points Below 48,827)
A gap-down near/below 48,827 signals bearish sentiment.
48,461 is key intraday support โ breaking below leads to further downside.
A pullback to 48,827 may offer a shorting opportunity if resistance holds.
๐น Action Plan:
โ
If below 48,827 , go short targeting 48,461 .
โ
Watch for a bounce at 48,461 โ a strong recovery may trigger reversals.
โ
If recovery sustains above 48,827 , consider longs with SL below 48,750 .
๐ก Tip: In a gap-down, IV spikes, increasing option prices. Selling OTM calls can benefit from premium decay.
---
โ Risk Management & Options Trading Tips
๐น Never overleverage โ Always define a stop loss before entering a trade.
๐น Use spreads โ Instead of buying naked options, use vertical spreads to limit risk.
๐น Watch for traps โ Avoid chasing prices at the open; let the market structure develop.
๐น Be mindful of time decay โ For long options trades, prefer ATM strikes to minimize theta decay.
---
๐ Summary & Conclusion
โ
Key Levels to Watch:
- Resistance: 49,242 / 49,800
- Support: 48,827 / 48,461
โ
Trading Plan Overview:
- Gap-Up: Watch for rejection at 49,242 , breakout potential toward 49,800 .
- Flat Open: No Trade Zone in 49,070-49,242 โ wait for confirmation.
- Gap-Down: Below 48,827 , bearish trend continues toward 48,461 .
๐ก Final Tip: Stick to your trading plan and avoid emotional decisions. Trading is about discipline, not predictions!
---
๐ข Disclaimer:
I am not a SEBI registered analyst . This trading plan is for educational purposes only . Please do your own research before taking any trades. ๐
BANK NIFTY S/R for 17/2/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Banknifty Weekly View - February 3rd week.Banknifty is looking uncertain and we can expect high volatility throughout the week. Imp range on the downside would be 48500-47400 and in between an imp support would be 47986. On the upside banknifty can give upside only if it successfully crosses and sustains above 49776 and it can go upto 50300-600.
BANKNIFTY KEY LEVELS FOR 17/02/2025//description
// All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com
// Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work.
I want to make it clear that I am not a seller, and this method was not taught to me by anyone. The original creator only gave me one clue:
๐ "If you get one level, you get all levels."
Everything elseโthe way I nail it the method and applied itโis my own work. I respect the original idea, but my approach is independent.
Explanation:
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
Entry/Exit Points:
- Entry/Exit Lines: Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- Stop Loss: For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- Take Profit: For long trades, target the next RED line above. For short trades, target the next BLACK line below.
Timeframe:
Use a 5 mins timeframe for trading.
Risk Disclaimer:
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
BankNifty Intraday Support & Resistance Levels for 17.02.2025Fridayโs session saw BankNifty opening positive, but it failed to hold gains. After touching a high of 49,592.95, it witnessed a sharp decline to 48,719.75 before recovering slightly. It finally closed at 49,099.45, losing 260 points from the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) is sideways, indicating uncertainty in direction.
Demand/Support Zones
Near Demand/Support Zone (125m): 47,981.35 - 48,319.20
Far Support Level: 46,077.85 (Low of 4th June 2024)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (75m): 49,276.10 - 49,592.95
Near Supply/Resistance Zone (30m): 49,665.95 - 49,743.15
Far Supply/Resistance Zone (30m): 50,146.10 - 50,248.35
Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 (Tested)
Far Supply/Resistance Zone (Weekly): 52,264.55 - 53,775.10
Outlook
BankNiftyโs failure to sustain gains suggests that sellers remain dominant at higher levels. A break below 48,700 could lead to further weakness toward 48,320 - 47,980 or even 46,000, while a move above 49,750 may bring 50,250 - 51,000 into play.
ARE YOU EXITED TO GO LONG BANKNIFTY!After making Double bottom pattern, Banknifty retested it successfully, it seems to be short term bullish after giving rejection and follow-up bullish candle today on daily chart. a good risk reward ratio 1:2 go long.
Technal key Factor:
RSI above 50
Near 100 Weekly Ema
:
:
Entry above -49700
Target 1st -50611
Target 2nd -51666
Exit/SL - 48500
[INTRADAY] #BANKNIFTY PE & CE Levels(14/02/2025)Today will be slightly gap up opening in banknifty. Since few days banknifty trading in between the range of 49050-49950 level. After opening if it's sustain above 49550 level then possible upside rally upto 49950 resistance level. Similarly downside expected below 49450 level and this can goes upto 49050 support level.
BANKNIFTY Key levels for 14/02/2025//description
// All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com
// Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work.
I want to make it clear that I am not a seller, and this method was not taught to me by anyone. The original creator only gave me one clue:
๐ "If you get one level, you get all levels."
Everything elseโthe way I nail it the method and applied itโis my own work. I respect the original idea, but my approach is independent.
Explanation:
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
Entry/Exit Points:
- Entry/Exit Lines: Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- Stop Loss: For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- Take Profit: For long trades, target the next RED line above. For short trades, target the next BLACK line below.
Timeframe:
Use a 5 mins timeframe for trading.
Risk Disclaimer:
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
BANK NIFTY S/R for 14/2/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
BANKNIFTY : Trading levels and Plan for 14-Feb-2025๐น Key Levels:
๐ Resistance Zones:
๐ด Profit Booking Zone: 50,328 โ 50,440
๐ด Last Intraday Resistance: 50,025
๐ด Opening Resistance: 49,690
๐ Support Zones:
๐ข Opening Support/Resistance: 49,280 โ 49,342
๐ข Strong Support: 48,970 โ 49,070
๐ข Deeper Support Zone: 48,594
๐ EMA: Price is reacting to the moving average, which could act as dynamic support/resistance.
๐ 1๏ธโฃ Gap-Up Opening (200+ points above previous close)
If BANKNIFTY opens above 49,690:
Watch for rejection at 50,025: If price struggles, consider a short trade with SL above 50,100. Target: 49,690 โ 49,400.
Sustained breakout of 50,025? Expect bullish momentum. Enter on a retest for targets 50,328 โ 50,440.
Avoid impulsive longs at open: Wait for price to consolidate before entering trades.
๐ก Pro Tip: If price rejects 50,025, sellers might step in aggressively. Consider buying Put options cautiously.
๐ 2๏ธโฃ Flat Opening (ยฑ100 points from previous close)
If BANKNIFTY opens near 49,280 - 49,342:
Opening Support/Resistance Zone (49,280 โ 49,342): This level will decide the market direction.
Break above 49,400? Expect bullish movement to 49,690. Go long above 49,410 with SL at 49,280.
Break below 49,280? Expect downside movement toward 48,970. Short below 49,250 with SL at 49,350.
๐ก Pro Tip: In a flat opening, let price settle before making a decision. Patience pays!
๐ 3๏ธโฃ Gap-Down Opening (200+ points below previous close)
If BANKNIFTY opens near 48,970 or below:
48,970 โ 49,070 is a strong support: If price holds, expect a bounce back. Go long above 49,000 with SL at 48,900.
Break below 48,970? Next major support is 48,594. Short below 48,950 with SL at 49,050.
If price reaches 48,594 and holds, expect a bounce. Look for buying opportunities around this level.
๐ก Pro Tip: In a gap-down, avoid panic trades. Wait for proper confirmation before entering.
โ ๏ธ Risk Management Tips for Options Trading
๐ Never chase a trade. Let price confirm the level before entering.
๐ Use stop-losses strictly. Protect your capital at all times.
๐ Avoid trading in the No Trade Zone. This is where stop-losses get hunted easily.
๐ Monitor IV (Implied Volatility). If IV is high, options premiums might be inflated. Consider spreads instead of naked options.
๐ฅ Summary & Conclusion
โ
Key Resistance: 49,690 / 50,025 / 50,328 โ 50,440
โ
Key Support: 49,280 โ 49,342 / 48,970 โ 49,070 / 48,594
โ
Gap-Up: Watch resistance at 50,025. Breakout = bullish, rejection = short.
โ
Flat Opening: Wait for breakout/breakdown from Opening Support before entering.
โ
Gap-Down: 48,970 is crucial. Holding = bounce, breakdown = more downside.
๐ฏ Stick to the plan, follow discipline, and manage your risks!
โ Disclaimer: I am NOT a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk.
[INTRADAY] #BANKNIFTY PE & CE Levels(13/02/2025)Today will be slightly gap up opening expected in banknifty. Any bullish rally only expected if banknifty starts trading and sustain above 49550 level. Further downside expected below the 49450 level. This downside can goes upto 49050 and extend next 400-500+ points in case starts trading below 48950 level.
BANK NIFTY S/R for 12/2/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
BANKNIFTY : Trading Levels and Plan for 13-Feb-2025
๐น Key Levels:
๐ Resistance: 49,787 / 50,200 / 50,298
๐ Support: 49,216 / 48,943 / 48,900
๐ No Trade Zone: 49,461 - 49,603 (Avoid trading inside this zone)
๐ 1๏ธโฃ Gap-Up Opening (200+ points above previous close)
If BANKNIFTY opens above 49,787:
Watch for rejection at 50,200: If price struggles, take a short trade with SL above 50,298. Target: 49,787 โ 49,600.
Sustained breakout of 50,200? Expect bullish momentum. Enter on retest for targets 50,298 โ 50,450.
Avoid impulsive longs at open: Let price stabilize before entering.
๐ก Pro Tip: If price rejects 50,200 after a big gap-up, sellers might take control. Use Put options wisely.
๐ 2๏ธโฃ Flat Opening (ยฑ50 points from previous close)
If BANKNIFTY opens near 49,500-49,600:
No Trade Zone (49,461 - 49,603) โ Avoid trading here. Let price break out.
Break above 49,603? Expect bullish move to 49,787. Go long above 49,605 with SL at 49,450.
Break below 49,461? Expect downside move toward 49,216. Short below 49,460 with SL at 49,550.
๐ก Pro Tip: In a flat opening, avoid jumping into trades. Let a clear direction emerge.
๐ 3๏ธโฃ Gap-Down Opening (200+ points below previous close)
If BANKNIFTY opens near 49,216 or below:
49,216 as support? If price holds, expect a bounce back. Go long above 49,250 with SL at 49,150.
Break below 49,216? Next major support is 48,943. Short below 49,200 with SL at 49,320.
If price reaches 48,943 and holds, expect a bounce. Look for buying opportunities.
๐ก Pro Tip: Be careful with aggressive shorts in a gap-down. Wait for confirmation before entering.
โ ๏ธ Risk Management Tips for Options Trading
๐ Never chase trades. Let price confirm the level before entering.
๐ Use stop losses strictly. No SL = No trading discipline = Losses.
๐ Avoid trading in the No Trade Zone. Wait for clear breakout/breakdown.
๐ If IV (Implied Volatility) is high, premiums might be inflated. Be cautious with buying options.
๐ฅ Summary & Conclusion
โ
Key Resistance: 49,787 / 50,200 / 50,298
โ
Key Support: 49,216 / 48,943 / 48,900
โ
No Trade Zone: 49,461 - 49,603
โ
Gap-Up: Watch for resistance at 50,200. Breakout = bullish, rejection = short.
โ
Flat Opening: Trade based on breakout/breakdown of No Trade Zone.
โ
Gap-Down: 49,216 is key. Holding = bounce, breakdown = more downside.
๐ฏ Stick to the plan, be disciplined, and trade wisely!
โ Disclaimer: I am NOT a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk.
NIFTY BANK-SIDE WAYS MOVE AND LEVELS TO WATCHNIFTY BANK:Broadly speaking still BNIFTY is not fully out of danger.As of now sideways move with negative bias.The trend is likely to reverse only when BNIFTY holds above 49650-49700 decisively. Incidentally 49650 is its 20 DEMA level,If holds will make an attempt at 50000+.Major support lies at 48900-49000.Close below these levels likely to trigger another 500-1000 points fall(For educational purpose only)
[INTRADAY] #BANKNIFTY PE & CE Levels(12/02/2025)Today will be slightly gap up opening expected in banknifty. Any bullish rally only expected if banknifty starts trading and sustain above 49550 level. Further downside expected below 49450 level this downside rally can be continue upto 49050 level in today's session. If banknifty banknifty starts trading below 48950 in today's session then possible strong downside rally of 400-500+ points upto 48550 level.
BankNifty Intraday Support & Resistance Levels for 12.02.2025Tuesdayโs session saw BankNifty opening negative, making a high of 49,949.75 before experiencing a sharp decline to 49,177.40, entering the 125m Demand Zone (48,906.05 - 49,373.45). It closed at 49,403.40, losing 577 points from the previous close. The Weekly Trend (50 SMA) remains Negative, while the Daily Trend (50 SMA) stays sideways, indicating ongoing market uncertainty.
Demand/Support Zones
Near Demand/Support Zone (125m): 48,906.05 - 49,373.45 (Tested)
Far Demand/Support Zone (15m): 48,511.70 - 48,627.95
Far Demand/Support Zone (125m): 47,981.35 - 48,319.20
Far Support Level: 46,077.85 (Low of 4th June 2024)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 49,949.75 - 50,049.10
Near Supply/Resistance Zone (30m): 50,146.10 - 50,248.35
Far Supply/Resistance Zone (15m): 50,308.70 - 50,462.35
Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 (Tested)
Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (Inside the Weekly Supply Zone)
Outlook
BankNiftyโs close near 49,400 within the tested demand zone suggests that buyers are attempting to hold this level. A break below 48,900 could invite further downside towards 48,500 - 48,300. On the upside, 49,950 - 50,050 remains the immediate resistance, with a breakout above 50,250 needed for bullish momentum.