Bank Nifty on October 29, 2024
Resistance Levels:
Primary Resistance: 52,000. This is a strong resistance level, and crossing above it could signal bullish momentum.
Secondary Resistance: 52,300. This level could act as an extended target if buying interest sustains above 52,000.
Support Levels:
Primary Support: 51,400. This level provides a buffer, where buying may emerge.
Secondary Support: 51,000. If the price drops below 51,400, it might test this lower support.
These levels serve as actionable points based on current technical insights and are ideal for identifying potential entry and exit zones depending on how Nifty and BankNifty react around these key support and resistance points. As always, monitor real-time market conditions and volumes closely to validate trade entries and exits
Primary Resistance: 52,000. This is a strong resistance level, and crossing above it could signal bullish momentum.
Secondary Resistance: 52,300. This level could act as an extended target if buying interest sustains above 52,000.
Support Levels:
Primary Support: 51,400. This level provides a buffer, where buying may emerge.
Secondary Support: 51,000. If the price drops below 51,400, it might test this lower support.
These levels serve as actionable points based on current technical insights and are ideal for identifying potential entry and exit zones depending on how Nifty and BankNifty react around these key support and resistance points. As always, monitor real-time market conditions and volumes closely to validate trade entries and exits
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