Banknifty Confirm Targets

Mar 18, 2024

Banknifty Chart Analysis with Support and Resistance


Banknifty Supports
Banknifty Support 1 - 46765
Banknifty Support 2 - 21815
Banknifty Support 3 - 21680


Banknifty Resistance
Banknifty Resistance 1 - 46300
Banknifty Resistance 2 - 46000
Banknifty Resistance 3 - 45550


bankNifty Trend Signal From Open Interest Analysis

PCR ratio as per Option Chain Analysis - 0.91 ( Near to Bullish )
Max Pain As per Option Chain Analysis - 47000
Major Resistance as Per BankNifty Open Interest Analysis - 47000
Major Support as Per BankNifty Open Interest Analysis - 46000

Long Opportunity in Banknifty Trading
As we Know Banknifty changes trend in short term from all time High (48650) ,
This week First Buying opportunity will be above 46300 / 46000


Short opportunity in Banknifty Trading
If nifty Sustain below 46770 /47200 then try to Short nifty or buy nifty Put option Contract keep a small stop loss


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