BankNifty Support & Resistance Levels for 22.05.2024
Yesterday, BankNifty reacted from the supply zone mentioned in our previous post and closed below the previous day's low, indicating selling pressure in banking stocks.
Support Levels:
Nearest Small Support: 47,770 - 47,840
Far Support: 47,346 - 47,542
Resistance Levels:
Small Resistance: 48,210 - 48,260
Major Resistance Zone: 48,213 - 48,458 (remains the same)
More Distant Resistance: 48,784 - 49,011
Support Levels:
Nearest Small Support: 47,770 - 47,840
Far Support: 47,346 - 47,542
Resistance Levels:
Small Resistance: 48,210 - 48,260
Major Resistance Zone: 48,213 - 48,458 (remains the same)
More Distant Resistance: 48,784 - 49,011
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.