BankNifty Support & Resistance Levels for 18.05.2024

BankNifty traded sideways yesterday after breaking the psychological level of 48000. The nearest support zone is identified between 47770 and 47840, with a farther support zone extending from 47482 to 47542. On the resistance side, the nearest level is between 48213 and 48458, while a more distant resistance level is seen at 48784 to 49011.

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As there wasn't much movement in Indices on Saturday 18th May, the levels remain the same for the Next trading day 21st May 2024.