BankNifty Support & Resistance Levels for 31.05.2024 for NSE:BANKNIFTY by PriteshPal — TradingView India

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Yesterday, BankNifty took support at the 75-minute zone (48,216 – 48,410) mentioned in the last two posts and bounced up to the near supply zone (49,043 – 49,187), as indicated in the previous post.

Support Levels:

Near Support Zone (75m): 48,216 – 48,410 (remains the same)

Far Support: 48,017 (61.8% FIBO level of the last swing)

Further Down Support Zone (125m): 47,435 – 47,959

Resistance Levels:

Near Resistance Zone (30m): 49,186 – 49,320 (remains the same)

Far Resistance Zone (75m): 49,502 – 49,689 (remains the same)

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