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Nifty Support & Resistance Levels for 15.05.2024

Nifty encountered resistance within the 75-minute supply zone identified between 22244 and 22369, as mentioned in the previous post, resulting in a minor downward reaction. Further downside movement is anticipated, with expectations of a decline towards the support zone located at 22132 to 22071. Additionally, a distant support zone is identified at 21934 to 21979. Meanwhile, the nearest resistance remains unchanged, standing at 22244 to 22369, with a more distant resistance observed between 22409 and 22589.