BankNifty Intraday Support & Resistance Levels for 11.11.2024

On Friday, BankNifty opened slightly negative, reaching a high of 52,007.15 and dipping to a low of 51,494 before closing at 51,561.20, down 355 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain sideways. Key demand and supply zones are unchanged from the last update.

Demand/Support Zones
Near Support (30m): 50,900.10 - 51,230.85
Minor Support (15m): 50,382.10 - 50,485.15
Major Support (Daily): 49,654.65 - 49,959.25
Deep Support: 49,282.65 (61.8% FIBO)
Extended Support (Daily): 44,633.85 - 45,750.40

Supply/Resistance Zones
Near Resistance (30m): 52,232.35 - 52,396.50
Key Resistance (Daily): 52,817.80 - 53,235.25
Extended Resistance (Weekly): 53,741.40 - 54,467.35