Bank Nifty may decline below 42000 in SeptemberThis is bank nifty 1hour chart in which decline from 46369 to 43600 is (a or i) and bounce from 43600 to 44950 is corrective wave (b or ii) and now wave (c or iii) is already started and its minimum projection range is 42180-41527. Use 44800 as stop loss for this trade.
Bankniftycrash
Banknifty Possible Trade on 14 March NiftyBank One Hour Chart Analysis with Option Chain Analysis
Support Zones
Frist Support Level For For Long Banknifty - 39225 - 39255
Second Support Level For Long Banknifty - 38755 - 38810
Third Support Level For Long Banknifty - 38300 - 38330
Resistance Zones
First Resistance Level For Short Banknifty - 39690 - 39750
Second Resistance Level For Short Banknifty - 40040 - 40075
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 – 39500
PCR ratio as per Option Chain Analysis – 0.45 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 39200
Major Resistance as Per Banknifty Open Interest Analysis – 40000
BANKNIFTY INDEX ANALYSIS FOR NEXT WEEKHi everyone, Banknifty index this week we`ve seen more than 2,400 points fall & it breaks 38,400 support on 1D chart and bounce back from 36,150 but again in last trading session it breaks 36,150 now next important support is 34,900 (Identified from harmonic xabcd pattern level 1.414) can take bounce but still breaks 34,900 support can go upto 33,900 level identified from harmonic xabcd pattern level 1.618 overfall banknifty index is bearish in 1D chart. NSE:BANKNIFTY