BankNifty Intraday Support & Resistance Levels for 10.01.2025

On Thursday, BankNifty opened with a gap-down, briefly tested a high of 49,798.10, and dropped to a low of 49,230.15, aligning with the FIBO 61.8% level at 49,283. A minor recovery followed, and it closed at 49,503.50, losing 331 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative, reinforcing bearish sentiment.

Demand/Support Zones
Near Support Level: 49,282.64 (61.8% FIBO retracement)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40

Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 50,043.35 - 50,246.90
Near Supply/Resistance Zone (15m): 50,618.95 - 50,813.55
Far Supply/Resistance Zone (125m): 51,082.80 - 51,671.60
Far Supply/Resistance Zone (125m): 52,010.65 - 52,368.30

Outlook
BankNifty tested critical support at the 61.8% FIBO level, highlighting this as a pivotal zone. Further downside could push it into the 44,633 zone, while if it sustains we may see up move till 50600.