NiftyBank Option Buying Strategy

  Support & Resistance Zones For BankNifty  Intraday Trading

Banknifty ConfirmTarget for Monday

Support Zones
Frist Support Level For Buying - 43240 - 43260
Second Support Level For Buying - 43100 - 43120
Third Support Level For Buying - 42910 - 42930

Resistance Zones
First Resistance Level For Selling - 43500 - 43520
Second Resistance Level For Selling -43680 - 43700
Third Resistance Level For Selling - 43805 -43820


Option Chain Importent Signal for Banknifty Trading
Max Pain As per Option Chain Analysis – 43400
PCR ratio as per Option Chain Analysis – 0.93 ( Bearish and Near to Bullish )
Major Support as Per Banknifty Open Interest Analysis – 43000
Major Resistance as Per Banknifty Open Interest Analysis – 43500