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Banknifty Expiry Day Confirm Targets

NSE:BANKNIFTY   Nifty Bank Index
Banknifty One Hour Chart Analysis For Intraday Future & Option Trading

Support Zones
Frist Support Level For For Long Banknifty - 40450- 40500
Second Support Level For Long Banknifty - 40100 - 40150
Third Support Level For Long Banknifty - 39685 - 39725

Resistance Zones
First Resistance Level For Short Banknifty - 40850 -40880
Second Resistance Level For Short Banknifty - 40452 -40500
Third Resistance Level For Short Banknifty - 41656 -41700

Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 40300
PCR ratio as per Option Chain Analysis – 0.47 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 39200
Major Resistance as Per Banknifty Open Interest Analysis – 40500

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