Support Zones
Frist Support Level For For Long Banknifty - 38700 - 38750
Second Support Level For Long Banknifty - 39272 - 39310
Third Support Level For Long Banknifty - 38975 - 39020
Resistance Zones
First Resistance Level For Short Banknifty - 40070 - 40120
Second Resistance Level For Short Banknifty - 40330 - 40365
Third Resistance Level For Short Banknifty - 40660 - 40700
Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis ( Banknifty Expiry Targets ) – 39900
PCR ratio as per Option Chain Analysis – 1.001( Bullish )
Major Support as Per Banknifty Open Interest Analysis – 39500
Major Resistance as Per Banknifty Open Interest Analysis – 40100