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BankNifty Support & Resistance Levels for 16.05.2024

NSE:BANKNIFTY   Nifty Bank Index
BankNifty maintains stability with no changes in the support and resistance levels outlined in the previous post. The near support zone persists between 47160 and 47293, accompanied by a far support zone ranging from 46870 to 47015. Similarly, the nearest resistance zone for BankNifty remains unchanged, positioned at 48051 to 48146, with a more distant resistance observed between 48222 and 48457.

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