Banknifty key support and Resistance for Intraday trading 02 feb 2023
Banknifty Trading Setup For 01Feb 2023
Weekly Expiry on 02 Feb 2023
India Vix Closing – 16.78
Support Zones
Frist Support Level For For Long Banknifty - 40175 - 40195
Second Support Level For Long Banknifty - 39685 - 39715
Third Support Level For Long Banknifty - 39200 - 39237
Resistance Zones
First Resistance Level For Short Banknifty - 41086 - 41057
Second Resistance Level For Short Banknifty - 41645 -41690
Third Resistance Level For Short Banknifty - 41920 -41970
Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 41000
PCR ratio as per Option Chain Analysis – 0.49 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 40000
Major Resistance as Per Banknifty Open Interest Analysis – 41000
Conclusion For Next week
Today Banknifty taken Supporton its Major Support ( 39687 – 39885 ) and reverse
For tomorrow Major Resistance Banknifty is ( 41920 – 41970 )
Try To Buy Future Conract or Call Option Near Support Zone and Book Profit At Rsistance Zone
Try to Short Banknifty at every Resistaance and Book Profit Near Support Zone
Adani Group issue is major concern for market for now .
Banknifty Trading Setup For 01Feb 2023
Weekly Expiry on 02 Feb 2023
India Vix Closing – 16.78
Support Zones
Frist Support Level For For Long Banknifty - 40175 - 40195
Second Support Level For Long Banknifty - 39685 - 39715
Third Support Level For Long Banknifty - 39200 - 39237
Resistance Zones
First Resistance Level For Short Banknifty - 41086 - 41057
Second Resistance Level For Short Banknifty - 41645 -41690
Third Resistance Level For Short Banknifty - 41920 -41970
Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 41000
PCR ratio as per Option Chain Analysis – 0.49 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 40000
Major Resistance as Per Banknifty Open Interest Analysis – 41000
Conclusion For Next week
Today Banknifty taken Supporton its Major Support ( 39687 – 39885 ) and reverse
For tomorrow Major Resistance Banknifty is ( 41920 – 41970 )
Try To Buy Future Conract or Call Option Near Support Zone and Book Profit At Rsistance Zone
Try to Short Banknifty at every Resistaance and Book Profit Near Support Zone
Adani Group issue is major concern for market for now .