Bank Nifty Support & Resistance for up to expiry 28/05/24
Hi, I am sharing the Nifty support and resistance levels. They can be useful for Intraday and weekly positional trading.
Support Level:
Nifty is at the overbought level, where every raise can be an opportunity for shorting. Currently, it is holding the Support position at 22000; if it breaks, the next support will be 20700-20900.
Resistance Level:
On the other hand, 22550-22800 will be the resistance levels of Nifty, which is also an all-time high. So, between these levels, it will be suitable for intraday as well as 3-5 days holding positions.
Declaimer:
This is my personal view, and it is for educational purposes only.
Support Level:
Nifty is at the overbought level, where every raise can be an opportunity for shorting. Currently, it is holding the Support position at 22000; if it breaks, the next support will be 20700-20900.
Resistance Level:
On the other hand, 22550-22800 will be the resistance levels of Nifty, which is also an all-time high. So, between these levels, it will be suitable for intraday as well as 3-5 days holding positions.
Declaimer:
This is my personal view, and it is for educational purposes only.