On Friday, BankNifty opened gap-up, reaching a high of 52,794 before closing at 52,278.90. Both the weekly and daily trends (50 SMA) remain positive.
Support Levels: Near Support/Demand Zone (30m): 51,878 - 51,966 Near Support/Demand Zone (75m) for weekly trade: 51,749 - 51,966 Major Support/Demand Zone (Daily): 51,138 - 51,934
Resistance Levels: Near small Supply/Resistance Zone (30m): 53,064 - 53,188