Banknifty Possible Trade in Option Day Trading

NiftyBank One Hour Chart Analysis with Option Chain Analysis


Support Zones
Frist Support Level For For Long Banknifty - 41180 - 41200
Second Support Level For Long Banknifty - 40885 - 40915
Third Support Level For Long Banknifty - 40770 - 40800

Resistance Zones
First Resistance Level For Short Banknifty - 41700 - 41655
Second Resistance Level For Short Banknifty - 41920 - 41980
Third Resistance Level For Short Banknifty - 42235 - 42275

Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 41400
PCR ratio as per Option Chain Analysis – 0.73 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 40800
Major Resistance as Per Banknifty Open Interest Analysis – 42000