BankNifty Daily Levels Update For f&O Day Trading
Importent Signal for Banknifty Trading 13 feb 2023
Banknifty End of Day Study
Weekly Expiry on 16 Feb 2023
India Vix Closing – 12.74
Support Zones
Frist Support Level For For Long Banknifty - 40760 - 40800
Second Support Level For Long Banknifty - 40105 - 40150
Third Support Level For Long Banknifty - 39687 - 39712
Resistance Zones
First Resistance Level For Short Banknifty - 41920 -41970
Second Resistance Level For Short Banknifty - 42300 -42260
Third Resistance Level For Short Banknifty - 42675 -42700
Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 41200
PCR ratio as per Option Chain Analysis – 0.84 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 40800
Major Resistance as Per Banknifty Open Interest Analysis – 42000
Conlusion -
Bankifty is now in consolidation zone , not crossing Major Support or Support Resistance
Try to buy near Support Zone and Try to Short near resistance with small stoploss .
Banknifty End of Day Study
Weekly Expiry on 16 Feb 2023
India Vix Closing – 12.74
Support Zones
Frist Support Level For For Long Banknifty - 40760 - 40800
Second Support Level For Long Banknifty - 40105 - 40150
Third Support Level For Long Banknifty - 39687 - 39712
Resistance Zones
First Resistance Level For Short Banknifty - 41920 -41970
Second Resistance Level For Short Banknifty - 42300 -42260
Third Resistance Level For Short Banknifty - 42675 -42700
Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 41200
PCR ratio as per Option Chain Analysis – 0.84 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 40800
Major Resistance as Per Banknifty Open Interest Analysis – 42000
Conlusion -
Bankifty is now in consolidation zone , not crossing Major Support or Support Resistance
Try to buy near Support Zone and Try to Short near resistance with small stoploss .
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