Banknifty Price Action Trading
Support Zones
Frist Support Level For Buying - 42675 - 42700
Second Support Level For Buying - 42340 - 42377
Third Support Level For Buying - 41920 - 41950
Resistance Zones
First Resistance Level For Selling - 42870 -42905
Second Resistance Level For Selling - 42900 -43140
Third Resistance Level For Selling - 43490 -43520
Importent Signal for Banknifty
Max Pain As per Option Chain Analysis – 43000
PCR ratio as per Option Chain Analysis – 0.71 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 42500
Major Resistance as Per Banknifty Open Interest Analysis – 43000
Conclusion -
Banknifty has not Decided any Trend From last Week
It is possible that it will move Towards Major Support Or Major Resistance
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
Expecting Big Moves in Near Budget 2023 Prepraion is Going on .
Support Zones
Frist Support Level For Buying - 42675 - 42700
Second Support Level For Buying - 42340 - 42377
Third Support Level For Buying - 41920 - 41950
Resistance Zones
First Resistance Level For Selling - 42870 -42905
Second Resistance Level For Selling - 42900 -43140
Third Resistance Level For Selling - 43490 -43520
Importent Signal for Banknifty
Max Pain As per Option Chain Analysis – 43000
PCR ratio as per Option Chain Analysis – 0.71 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 42500
Major Resistance as Per Banknifty Open Interest Analysis – 43000
Conclusion -
Banknifty has not Decided any Trend From last Week
It is possible that it will move Towards Major Support Or Major Resistance
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
Expecting Big Moves in Near Budget 2023 Prepraion is Going on .