BankNifty made a new all-time high of 53,180.75 in the first trading hour but did not sustain above 53,000 and closed negative at 52,811.30. Both the weekly and daily trends (50 SMA) are positive.

Support Levels:
Near Support/Demand Zone (15m) for Intraday: 52,463 - 52,557
Near Support/Demand Zone (75m) for Weekly Trade: 52,015 - 52,189
Major Support/Demand Zone (Daily): 51,138 - 51,934

Resistance Levels:
Near Minor Resistance/Supply Zone: 53,070 - 53,181
BANKNIFTYSupply and DemandSupport and ResistanceTrend Analysis

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