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BankNifty Support & Resistance Levels for 22.05.2024

Nifty Bank Index (NSE:BANKNIFTY)  
PriteshPal  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Support and Resistance Supply and Demand BANKNIFTY bankniftytradesetup bankniftytrend bankniftyanalysis bankniftyview
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trendanalysis supportandresistance supplyanddemand banknifty bankniftytradesetup bankniftytrend bankniftyanalysis bankniftyview
Yesterday, BankNifty reacted from the supply zone mentioned in our previous post and closed below the previous day's low, indicating selling pressure in banking stocks.

Support Levels:
Nearest Small Support: 47,770 - 47,840
Far Support: 47,346 - 47,542

Resistance Levels:
Small Resistance: 48,210 - 48,260
Major Resistance Zone: 48,213 - 48,458 (remains the same)
More Distant Resistance: 48,784 - 49,011

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