On Tuesday, BankNifty stayed within a 300-point range before closing 59 points down at 52,396.80. A decisive crossover above 52,750 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 (75m) for weekly trade: 51,749 - 51,966
Major Support/Demand Zone (Daily): 51,138 - 51,934
Resistance Levels:
Near small Supply/Resistance Zone (30m): 53,064 - 53,188
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