BankNifty Support & Resistance Levels for 05.06.2024
Huge selling was witnessed yesterday due to election results that did not align with exit polls. A big red candle on the daily chart broke almost all near supports of the last two months, breaking the support trendline and taking support at the daily demand zone of 45,661 - 46,330 (which was already tested once in the past).
Support Levels:
Near Minor 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
Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20
Support Levels:
Near Minor 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
Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20
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