BANKNIFTY 1D Timeframe

47
Closing Price: ₹56,528.90

Opening Price: ₹57,113.90

Day High: ₹57,170.70

Day Low: ₹56,439.40

Net Change: –₹537.15 (–0.94%)

🔹 Key Price Levels
📉 Support Zones:
Support 1 (S1): ₹56,255

Support 2 (S2): ₹55,982

Support 3 (S3): ₹55,524

Fibonacci Support Zone: ₹56,260 – ₹56,430

Camarilla Support Levels: ₹56,460 / ₹56,395 / ₹56,328

📈 Resistance Zones:
Resistance 1 (R1): ₹56,987

Resistance 2 (R2): ₹57,444

Resistance 3 (R3): ₹57,718

Fibonacci Resistance Zone: ₹56,992 – ₹57,165

Camarilla Resistance Levels: ₹56,596 / ₹56,663 / ₹56,730

🔸 Pivot Point (Central Level): ₹56,713
🔹 Trend Direction (1-Day Timeframe)
📊 Short-Term Trend: Consolidating with mild bearish pressure.

📉 Price closed below pivot point (₹56,713), signaling short-term weakness.

✅ Still within bullish structure as long as it holds above ₹55,980 – ₹56,000.

🔹 Technical Indicator Snapshot
RSI: Around 58 → Still in bullish territory, but momentum cooling.

MACD: Positive crossover, but histogram flattening — sign of range or pause.

20 EMA: Near ₹57,000 → Price is currently below this level.

50 EMA: Around ₹55,500 → Still acts as major support.

Price Action: Forming inside candles → Indicates compression/indecision.

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