BANKNIFTY level

As of December 29, 2024, the Nifty Bank Index (BANKNIFTY) closed at 51,311.30, reflecting an increase of 140.60 points (0.27%) from the previous close.
INVESTING

For the upcoming trading session, key support and resistance levels have been identified based on recent price movements:

Support Levels:

S1: 51,158.12
S2: 51,004.93
S3: 50,769.77
Resistance Levels:

R1: 51,546.47
R2: 51,781.63
R3: 51,934.82
These levels are derived from pivot point calculations, which are widely used to determine potential turning points in the market.
TOP STOCK RESEARCH

Additionally, technical indicators provide further insights:

Relative Strength Index (RSI): 48.517 (Neutral)
Moving Average Convergence Divergence (MACD): -43.34 (Sell)
Average Directional Index (ADX): 21.376 (Buy)
These indicators suggest a mixed outlook, with the RSI indicating neutrality, MACD signaling a potential bearish trend, and ADX pointing towards a developing trend.
MONEYCONTROL

Please note that market conditions can change rapidly, and it's essential to consider multiple factors when making trading decisions.

Disclaimer: The information provided is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.