As of January 1, 2025, the NIFTY Bank Index (BANKNIFTY) is exhibiting the following support and resistance levels:
Support Levels:
Immediate Support: 50,600 – 50,500
Next Support: 50,000 – 49,900
These levels suggest that if the index falls below 50,600, it may find support around 50,000.
Resistance Levels:
Immediate Resistance: 51,400 – 51,500
Next Resistance: 52,000 – 52,200
If the index surpasses 51,500, it could encounter resistance near 52,000.