Banknifty Confirm with Target Support and Resistance

Banknifty Demand and Supply Zones with Data Analysis

Support Zones For BankNifty  Intraday Trading

First Support Zone For BankNifty –          ( 42204 - 42235 )
Second Support Zone For BankNifty –     (  41921 - 41951 )
Third Support Zone For Banknifty   -        (  41648 -41678 )


Resistance  Zones For BankNifty Intraday Trading

First Resistance  Zone For BankNifty –        ( 42435 - 42405 )
Second Resistance  Zone For BankNifty –    (  42635 - 42605 )
Third Resistance Zone For BankNifty     -    ( Wait For New High )


Banknifty Data Analysis

Max Pain As per Option Chain Analysis –  42200
PCR ratio as per Option Chain Analysis –  1.36 ( Bullish )
Major Support as Per Banknifty Open Interest Analysis – 42000
Major Resistance  as Per Banknifty Open Interest Analysis –  43000