BankNifty Intraday Support & Resistance Levels for 12.11.2024

On Monday, BankNifty started flat, dipped to 51,294.20, then rallied up to 52,177.70, nearing the 30m supply zone. It closed at 51,876.75, adding 315 points over the previous close. Both the Weekly and Daily Trends (50 SMA) remain sideways. Key demand and supply zones are unchanged from the last post.

Demand/Support Zones
Near Support (30m): 50,900.10 - 51,230.85
Minor Support (15m): 50,382.10 - 50,485.15
Deeper Support (Daily): 49,654.65 - 49,959.25
Extended Support: 49,282.65 (61.8% FIBO)
Major Support (Daily): 44,633.85 - 45,750.40

Supply/Resistance Zones
Near Resistance (30m): 52,232.35 - 52,396.50
Key Resistance (Daily): 52,817.80 - 53,235.25
Extended Resistance (Weekly): 53,741.40 - 54,467.35