Banknifty Possible Trade in Option Day Trading

NiftyBank One Hour Chart Analysis with Banknifty Target


Support Zones
Frist Support Level For For Long Banknifty - 40067 - 40103
Second Support Level For Long Banknifty - 39690 - 39750
Third Support Level For Long Banknifty - 39207 - 39247

Resistance Zones
First Resistance Level For Short Banknifty - 40850 - 40880
Second Resistance Level For Short Banknifty - 40850 - 40880
Third Resistance Level For Short Banknifty - 41195 - 41245

Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 40500
PCR ratio as per Option Chain Analysis – 0.66 ( Bearish)
Major Support as Per Banknifty Open Interest Analysis – 39700
Major Resistance as Per Banknifty Open Interest Analysis – 40800