Banknifty Key Levels for future & Option Trading

NSE:BANKNIFTY   Nifty Bank Index
Banknifty Price Action Trading Strategy

Support Zones
Frist Support Level For Buying - 41921 - 41951
Second Support Level For Buying - 41645 - 41690
Third Support Level For Buying - 41365 - 41395

Resistance Zones
First Resistance Level For Selling - 42360 -42390
Second Resistance Level For Selling - 42870 -42900
Third Resistance Level For Selling - 42900 -43140

Importent Signal for Banknifty
Max Pain As per Option Chain Analysis – 42300
PCR ratio as per Option Chain Analysis – 0.99 ( Bullish )
Major Support as Per Banknifty Open Interest Analysis – 42300
Major Resistance as Per Banknifty Open Interest Analysis – 42500

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 .
Gold Reaches Near 58,000


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