Banknifty Tomorrow Possible Trade

NiftyBank One Hour Chart Analysis with Banknifty Target


Support Zones
Frist Support Level For For Long Banknifty - 39690 - 39750
Second Support Level For Long Banknifty - 39200 - 39240
Third Support Level For Long Banknifty - 38715 - 38760

Resistance Zones
First Resistance Level For Short Banknifty - 40452 -40500
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 – 40300
PCR ratio as per Option Chain Analysis –0.83 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 39700
Major Resistance as Per Banknifty Open Interest Analysis – 40500