Bank Nifty  52265.6 [Daily chart]

1 Swing 53303-51749 61.8% at 52710

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12/7/2024 High at 52794 closed at 52544 [below 52710]

18/7/2024 High at 52782 closed at 52265 [below 52710]

2.Swing 44511-51133

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61.8% at 47040 [5-6-2024 low at 46446 closed at 49054]  and 

78.6% at 45928 [4-6-2024 low at 46077 closed at 46928]

3 Swing Hourly chart

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swing's 51128-53303 low 51749 closed at 42207 [11-7-2024]

50% at 52216

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11-7-2024 low 51749 closed at 52270

12-7-2024 low 52171 closed at 52278

13-7-2024 low 52154 closed at 52455

18-7-2024 low 52168 closed at 52620

19-7-2024 low 52146 closed at 52265

All candles closed above 52216 [52200 strong Support]

4 Swing 51749-52784

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61.8% at 52148 maintained support at lows every time from 15-7-2024

So 52216-52148 Strong Support

Below this support Bank Nifty may hit at 51358-51300 range

Strong resistance 52700 for further new high on closing basis only[Chart 3]

05/7/2024 high at 52817 closed below 52700 at 52660

08/7/2024 high at 52710 closed below 52700 at 54425

12/7/2024 high at 52794 closed below 52700 at 52278

15/7/2024 high at 52662 closed below 52700 at 52455

18/7/2024 high at 52782 closed below 52700 at 52620

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