Banknifty Updated Support and Resistance on One Hour Chart Analysis
Support Zones
Frist Support Level For For Long Banknifty - 39450 - 39490
Second Support Level For Long Banknifty - 38975 - 39015
Third Support Level For Long Banknifty - 38700 - 38750
Resistance Zones
First Resistance Level For Short Banknifty - 39730 - 39770
Second Resistance Level For Short Banknifty - 40070 - 40120
Third Resistance Level For Short Banknifty - 40330 - 40365
Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 40000 ( Banknifty Expiry Target )
PCR ratio as per Option Chain Analysis – 0.93 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 39000
Major Resistance as Per Banknifty Open Interest Analysis – 40000