BankNifty Support & Resistance Levels for 31.05.2024
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)
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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