BankNifty Intraday Support & Resistance Levels for 03.02.2025

Saturday’s special trading session saw BankNifty opening flat, rallying to a day high of 50,009.50, and then witnessing a sharp drop to 48,925.45. It later recovered slightly and closed at 49,506.95, losing 80 points from the previous close. The Weekly Trend (50 SMA) remains Negative, while the Daily Trend (50 SMA) is sideways, indicating a cautious market.

Demand/Support Zones
Near Demand/Support Zone (15m): 48,511.70 - 48,627.95
Far Demand/Support Zone (125m): 47,981.35 - 48,319.20
Far Support Level: 46,077.85 (Low from 4th June 2024)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40

Supply/Resistance Zones
Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (Tested multiple times, current price inside the zone)
Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75
Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (Inside the Weekly Supply Zone)

Outlook
With BankNifty trading within a key resistance zone, a breakout above 50,447 could lead to further upside, while a failure to sustain may result in a retest of lower support zones. The broader trend remains weak, so stay cautious.