BankNifty Support & Resistance Levels for 07.06.2024
BankNifty stayed inside the 15-minute resistance/supply zone mentioned yesterday. It closed above the important level of 61.8% retracement (of the last swing) at 49,202, which is a positive sign. If BankNifty can sustain this level, we might see further upward movement.
Support Levels:
Near Support Zone (30m) for Intraday: 47,386 - 48,000
Near Support Zone (15m) for Intraday: 46,511 - 46,833
Near Support Zone (Daily): 45,661 - 46,330
Far Support Zone (Weekly): 42,105 - 43,915
Resistance Levels:
Near Resistance Zone (15m) for Intraday: 48,986 - 49,700 (remains the same)
Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20
Support Levels:
Near Support Zone (30m) for Intraday: 47,386 - 48,000
Near Support Zone (15m) for Intraday: 46,511 - 46,833
Near Support Zone (Daily): 45,661 - 46,330
Far Support Zone (Weekly): 42,105 - 43,915
Resistance Levels:
Near Resistance Zone (15m) for Intraday: 48,986 - 49,700 (remains the same)
Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20
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