BankNifty Intraday Support & Resistance Levels for 03.12.2024

On Monday, BankNifty opened flat, dipped to a low of 51693.95 (breaking below the key 51750 support), and rallied to a day high of 52197.25. It closed at 52109, gaining 53 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) continue to remain sideways, reflecting range-bound momentum.

Demand/Support Zones
Near Demand/Support Zone (30m): 51040.05 - 51271.50
Far Small Demand/Support Zone (15m): 50609.75 - 50824.55
Far Support: 49282.65 (61.8% FIBO Level)
Far Demand/Support Zone (Daily): 44633.85 - 45750.40

Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 52675.65 - 52760.20
Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25
Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35