BankNifty Intraday Support & Resistance Levels for 02.07.2024

As mentioned in the previous post, BankNifty rebounded from the 75m demand zone and rallied almost 500 points from the day's low. Both the weekly and daily trends (50 SMA) remain positive.

Support Levels:
Near Support/Demand Zone (15m): 52,015 - 52,114
Major Support/Demand Zone (Daily): 51,138 - 51,934

Resistance Levels:
Near Minor Resistance/Supply Zone: 53,060 - 53,181