Banknifty Confirm Targets 08 March

NiftyBank One Hour Chart Analysis with Option Chain Analysis


Support Zones
Frist Support Level For For Long Banknifty - 41180 - 41200
Second Support Level For Long Banknifty - 40885 - 40915
Third Support Level For Long Banknifty - 40770 - 40800

Resistance Zones
First Resistance Level For Short Banknifty - 41480 - 41450
Second Resistance Level For Short Banknifty - 41700 - 41655
Third Resistance Level For Short Banknifty - 41920 - 41980

Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 41300
PCR ratio as per Option Chain Analysis – 0.99 ( Bullish )
Major Support as Per Banknifty Open Interest Analysis – 42000
Major Resistance as Per Banknifty Open Interest Analysis – 39900