Banknifty Confirm Targets For Monday

NiftyBank One Hour Chart Analysis with Option Chain Analysis


Support Zones
Frist Support Level For For Long Banknifty - 40355 - 40390
Second Support Level For Long Banknifty - 40040 - 40075
Third Support Level For Long Banknifty - 39690 - 39750

Resistance Zones
First Resistance Level For Short Banknifty - 40775 - 40800
Second Resistance Level For Short Banknifty - 41920 - 41950
Third Resistance Level For Short Banknifty - 41170 - 41200

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 – 0.59 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 39700
Major Resistance as Per Banknifty Open Interest Analysis – 41200