BankNifty Support & Resistance Levels for 14.05.2024

BankNifty found substantial support within the second support zone highlighted in the previous post, triggering a remarkable rally of over 800 points from the day's low. The near support zone remains unchanged, spanning from 46870 to 47015, with a further support level observed at 46547, a significant Fibonacci level at 61.8%. On the resistance front, the nearest zone for BankNifty is expected between 48051 and 48146, while a more distant resistance zone lies at 48222 to 48457.