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
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
