BankNifty Support & Resistance Levels for 06.06.2024

BankNifty gained 4.5% yesterday and closed inside the 15-minute resistance zone mentioned in the last post. If it breaks above 49,700, we might see selling pressure at the daily resistance zone starting at 50,092.

Support Levels:
Near Support Zone (30m) for Intraday: 47,386 - 48,000
Near Support Zone (15m) for Intraday: 46,511 - 46,833
Near Support Zone (Daily): 45,661 - 46,330 (remains the same)
Far Support Zone (Weekly): 42,105 - 43,915

Resistance Levels:
Near Resistance Zone (15m) for Intraday: 48,986 - 49,700 (remains the same)
Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20