BankNifty Intraday Support & Resistance Levels for 01.08.2024

On Wednesday, BankNifty remained within the previous day's range, not crossing the high or low of Tuesday, and closed at 51553.40. The weekly trend (50 SMA) remains positive, but the daily trend (50 SMA) is sideways. The support and resistance levels remain the same as mentioned in the last post:

Support Levels:
Near Demand/Support Zone (15m): 51023 - 51082
Near Demand/Support Zone (30m): 50851 - 51951
Near Demand/Support Zone (75m) for weekly trade: 50707 - 59960
Major Demand/Support Zone (Weekly): 49530 - 50253

Resistance Levels:
Near Supply/Resistance Zone (30m): 51793 - 51923
Small Supply/Resistance Zone (5m): 52238 - 52315
Major Supply/Resistance Zone (75m): 52880 - 53188