Bank Nifty: Wednesday - 18/01/23

Bank Nifty Intraday Levels:


Chart:
Logic:

Levels:
Support: 42000, 41850, 41650
Resistance: 42450, 42700, 42800, 42900

OI Data:

---------------------------------------------------------------------|
Bank Nifty => Price: 42235.05
ATM: 42200 , ITM: 42100, 42000, 41900 , OTM: 42300, 42400, 42500
---------------------------------------------------------------------|
Highest OI Call in Bank Nifty per OI data: 42500
Highest OI Put in Bank Nifty per IO data: 42000
Nearest Major Resistance in Bank Nifty per OI data: 42400
Nearest Major Support in Bank Nifty per IO data: 42100
---------------------------------------------------------------------|


Trade setup:

+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 42300 | 42200 | 42500 | 42700
-----------------------------------------
SELL | < 42150 | 42250 | 42200 | 41850
+++++++++++++++++++++++++++++++++++++++++