BankNifty Intraday Support & Resistance Levels for 06.09.2024

On Thursday, BankNifty opened with a gap up, reaching a high of 51636.75 and staying range-bound throughout the session, eventually closing with a 72-point gain at 51473.05. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways.

Support Levels:
Near minor Demand/Support Zone (15m): 50984 - 51073
Far Demand/Support Zone (30m): 50663 - 50772
Far Demand/Support Zone (30m): 50393 - 50507

Resistance Levels:
Near Supply/Resistance Zone (15m): 51665 - 51732
Far Supply/Resistance Zone (30m): 52103 - 52340
Far Supply/Resistance Zone (125m) for weekly trade: 52870 - 53188