BankNifty Intraday Support & Resistance Levels for 11.02.2025

Monday’s session saw BankNifty opening negative, making an initial high of 50,155.65 before slipping to a day low of 49,703.10. Despite a minor recovery, it closed at 49,981, losing 178 points from the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) stays sideways, indicating market uncertainty.

Demand/Support Zones
Near Demand/Support Zone (125m): 48,906.05 - 49,373.45
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): 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
BankNifty is struggling to maintain key support levels, with 49,700 acting as an important support today. A break below this level could push prices towards 49,40000 - 48,900. On the upside, 50,300 - 50,500 remains a strong resistance zone. A sustained breakout above 50,500 could trigger further upside, while failing to hold above 49,700 may bring increased selling pressure.