#BankNifty Support and Resistance LevelsIn this video I will show you how to draw #Support and #Resistance Levels. I have used #Banknifty as an example.
Bankniftysupports
Banknifty confirm Targets with Pivot Levels 27012023 Banknifty Analysis and Price Action Trading with Key Levels
Weekly Expiry on 02 Feb 2023
India Vix Closing – 14.65
Support Zones
Frist Support Level For Buying - 41645 - 41690
Second Support Level For Buying - 41370 - 41400
Third Support Level For Buying - 40860 - 40890
Resistance Zones
First Resistance Level For Selling - 41921 -41971
Second Resistance Level For Selling - 42340 -43380
Third Resistance Level For Selling - 42675 -42700
Importent Signal for Banknifty
Max Pain As per Option Chain Analysis – 41800
PCR ratio as per Option Chain Analysis – 0.55 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 41000
Major Resistance as Per Banknifty Open Interest Analysis – 41700
Conclusion -
Banknifty Given Down Side Movement to monthly expiry mostly on Monthly expiry Market move donside
As per Our Conclusion Banknifty moves towards its Major Support if This Support will break , then Next major Support for Banknifty will be
40860 - 40890
Try To Buy Future Conract or Call Option Near Support Zone and Pur Near Resistance Zone as well as Book Profit At Support & 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 Future Contract Reaches Near All Time High
BankNifty Daily Levels Update For Option Day Trading Banknifty Possible Targets in Option Day Trading
Major Support Zones For BankNifty
First Support Zone For BankNifty – 39115 - 39139
Second Support Zone For BankNifty – 38911 - 38945
Third Support Zone For Bank Nifty – 38700 - 38740
Major Resistance Zones For BankNifty
First Resistance Zone For BankNifty – ( 39595 - 39572 )
Second Resistance Zone For BankNifty – ( 39715 - 39676 )
Third Resistance Zone For BankNifty – ( 39940 - 39909 )
Forth Resistance Zone For Bank Nifty - ( 40203 - 40166 )
