BankNifty Support & Resistance Levels for 18.05.2024

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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.
Nota
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.
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