BankNifty Intraday Support & Resistance Levels for 19.07.2024

On Thursday, BankNifty attempted to cross the crucial level of 52750, mentioned in the last post, and made a high of 52782.75 but failed to close above it, ending 223.90 points up at 52620.70. A decisive crossover above 52750 with volume might lead to a new all-time high. The weekly and daily trends (50 SMA) remain positive.

Support Levels:
Near Support/Demand Zone (15m): 52187 - 52315
Near Support/Demand Zone (75m) for weekly trade: 51749 - 51966
Major Support/Demand Zone (Daily): 51138 - 51934

Resistance Levels:
Near small Supply/Resistance Zone (30m): 53064 - 53188