Trade in Banknifty by Support & Resistance , Low Risk Trading Banknifty Support and resistance levels are price levels on Chart where the buying and selling pressures are expected to be strong
Banknifty Support Zones
1. 40935 - 40960
2. 40680 - 40700
3. 40350 - 40380
Banknifty Resistance Zones
1 .41215 - 41245
2. 41435 - 41460
3. 41660 - 41690
Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis (Banknifty Expiry Targets ) – 41000
PCR ratio as per Option Chain Analysis – 0.95 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 41000
Major Resistance as Per Banknifty Open Interest Analysis – 41300
Bankniftytarget
bankNifty Option Trading Strategy for Day Trader 2023 Banknifty Support and Resistance Updated on One Hour Chart Analysis
Support Zones
Frist Support Level For For Long Banknifty - 38755 - 38810
Second Support Level For Long Banknifty - 38300 - 38330
Third Support Level For Long Banknifty - 37940 - 37970
Resistance Zones
First Resistance Level For Short Banknifty - 39180 - 39220
Second Resistance Level For Short Banknifty - 39700 - 39750
Third Resistance Level For Short Banknifty - 40040 - 40075
Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 39200
PCR ratio as per Option Chain Analysis – 0.91( Bearish)
Major Support as Per Banknifty Open Interest Analysis – 38200
Major Resistance as Per Banknifty Open Interest Analysis – 39700
Banknifty Confirm Targets For Monday NiftyBank One Hour Chart Analysis with Option Chain Analysis
Support Zones
Frist Support Level For For Long Banknifty - 41180 - 41200
Second Support Level For Long Banknifty - 40885 - 40915
Third Support Level For Long Banknifty - 40770 - 40800
Resistance Zones
First Resistance Level For Short Banknifty - 41480 - 41450
Second Resistance Level For Short Banknifty - 41700 - 41655
Third Resistance Level For Short Banknifty - 41920 - 41980
Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 41200
PCR ratio as per Option Chain Analysis – 1.35 ( Bullish)
Major Support as Per Banknifty Open Interest Analysis – 40800
Major Resistance as Per Banknifty Open Interest Analysis – 39800
Banknifty Possible Trade in Option Day Trading NiftyBank One Hour Chart Analysis with Banknifty Target
Support Zones
Frist Support Level For For Long Banknifty - 40067 - 40103
Second Support Level For Long Banknifty - 39690 - 39750
Third Support Level For Long Banknifty - 39207 - 39247
Resistance Zones
First Resistance Level For Short Banknifty - 40850 - 40880
Second Resistance Level For Short Banknifty - 40850 - 40880
Third Resistance Level For Short Banknifty - 41195 - 41245
Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 40500
PCR ratio as per Option Chain Analysis – 0.66 ( Bearish)
Major Support as Per Banknifty Open Interest Analysis – 39700
Major Resistance as Per Banknifty Open Interest Analysis – 40800
Banknifty expiry Possible Trade in Option Day Trading NiftyBank One Hour Chart Analysis with Banknifty Target
Support Zones
Frist Support Level For For Long Banknifty - 40452- 40496
Second Support Level For Long Banknifty - 40067 - 40103
Third Support Level For Long Banknifty - 39690 - 39750
Resistance Zones
First Resistance Level For Short Banknifty - 40850 - 40880
Second Resistance Level For Short Banknifty - 41195 - 41245
Third Resistance Level For Short Banknifty - 41656 - 41697
Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 40600
PCR ratio as per Option Chain Analysis – 1.19 ( Bullish)
Major Support as Per Banknifty Open Interest Analysis – 40000
Major Resistance as Per Banknifty Open Interest Analysis – 41000
Banknifty Tomorrow Possible Trade NiftyBank One Hour Chart Analysis with Banknifty Target
Support Zones
Frist Support Level For For Long Banknifty - 39690 - 39750
Second Support Level For Long Banknifty - 39200 - 39240
Third Support Level For Long Banknifty - 38715 - 38760
Resistance Zones
First Resistance Level For Short Banknifty - 40452 -40500
Second Resistance Level For Short Banknifty - 40850 -40880
Third Resistance Level For Short Banknifty - 41195 -41245
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 –0.83 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 39700
Major Resistance as Per Banknifty Open Interest Analysis – 40500
Tuesday ConfirmTarget for Banknifty Banknifty Key Levels for future & Option Trading
Support Zones
Frist Support Level For For Long Banknifty - 39690 - 39750
Second Support Level For Long Banknifty - 39200 - 39240
Third Support Level For Long Banknifty - 38715 - 38760
Resistance Zones
First Resistance Level For Short Banknifty - 40452 -40500
Second Resistance Level For Short Banknifty - 40850 -40880
Third Resistance Level For Short Banknifty - 41195 -41245
Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 40200
PCR ratio as per Option Chain Analysis –1.06 ( Bullish )
Major Support as Per Banknifty Open Interest Analysis – 39200
Major Resistance as Per Banknifty Open Interest Analysis – 40200
Banknifty Expiry Day Confirm Targets 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
Importent Signal for Banknifty Trading 10 feb 2023 Banknifty key support and Resistance for Intraday trading
Banknifty End of Day Study
Weekly Expiry on 16 Feb 2023
India Vix Closing – 13.04
Support Zones
Frist Support Level For For Long Banknifty - 41249 - 41286
Second Support Level For Long Banknifty - 40760 - 40800
Third Support Level For Long Banknifty - 40105 - 40150
Resistance Zones
First Resistance Level For Short Banknifty - 41645 -41690
Second Resistance Level For Short Banknifty - 41920 -41970
Third Resistance Level For Short Banknifty - 42675 -42700
Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 41500
PCR ratio as per Option Chain Analysis – 0.99 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 41000
Major Resistance as Per Banknifty Open Interest Analysis – 42000
Conlusion -
Bankifty is now in consolidation zone , not crossing Major Support or Support Resistance
Try to buy near Support Zone and Try to Short near resistance with small stoploss .
IMP NEWS IN STOCK MARKET USEABLE FOR TRADING
IRCTC Q3 profit jumps to ₹256 cr , declares interim dividend news by Mint
Adani stocks crack up to 15% as MSCI fear triggers another round of sell-off news by The Economic Times
TCS bags $700-million deal from UK insurance services provider news by Mint
Banknifty Importent Demand and Supply Zones For Day Trading Banknifty key support and Resistance for Intraday trading 09 feb 2023
Banknifty Trading Setup For 09 Feb 2023
Weekly Expiry on 09 Feb 2023
India Vix Closing – 13.59
Support Zones
Frist Support Level For For Long Banknifty - 41057 - 41086
Second Support Level For Long Banknifty - 40760 - 40800
Third Support Level For Long Banknifty - 40105 - 40150
Resistance Zones
First Resistance Level For Short Banknifty - 41645 - 41690
Second Resistance Level For Short Banknifty - 41920 - 41970
Third Resistance Level For Short Banknifty - 42675 - 42700
Banknifty Confirm Targets For Monday Banknifty key support and Resistance for Intraday trading 06 feb 2023
Banknifty Trading Setup For 06 Feb 2023
Weekly Expiry on 09 Feb 2023
India Vix Closing – 14.73
Support Zones
Frist Support Level For For Long Banknifty - 41057 - 41086
Second Support Level For Long Banknifty - 40760 - 40800
Third Support Level For Long Banknifty - 40105 - 40150
Resistance Zones
First Resistance Level For Short Banknifty - 41645 -41690
Second Resistance Level For Short Banknifty - 41920 -41970
Third Resistance Level For Short Banknifty - 42675 -42700
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 – 1.1 ( Bullish )
Major Support as Per Banknifty Open Interest Analysis – 41000
Major Resistance as Per Banknifty Open Interest Analysis – 42000
Banknifty Expiry Confirm Targets Banknifty key support and Resistance for Intraday trading 02 feb 2023
Banknifty Trading Setup For 01Feb 2023
Weekly Expiry on 02 Feb 2023
India Vix Closing – 16.78
Support Zones
Frist Support Level For For Long Banknifty - 40175 - 40195
Second Support Level For Long Banknifty - 39685 - 39715
Third Support Level For Long Banknifty - 39200 - 39237
Resistance Zones
First Resistance Level For Short Banknifty - 41086 - 41057
Second Resistance Level For Short Banknifty - 41645 -41690
Third Resistance Level For Short Banknifty - 41920 -41970
Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 41000
PCR ratio as per Option Chain Analysis – 0.49 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 40000
Major Resistance as Per Banknifty Open Interest Analysis – 41000
Conclusion For Next week
Today Banknifty taken Supporton its Major Support ( 39687 – 39885 ) and reverse
For tomorrow Major Resistance Banknifty is ( 41920 – 41970 )
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
Adani Group issue is major concern for market for now .
NIFTYBANK CONFIRM TARGETS Banknifty Trading Setup For 31 january 2023
Weekly Expiry on 02 Feb 2023
India Vix Closing – 17.71
Support Zones
Frist Support Level For For Long Banknifty - 39885 - 39911
Second Support Level For Long Banknifty - 39687 - 39712
Third Support Level For Long Banknifty - 39207 - 39237
Resistance Zones
First Resistance Level For Short Banknifty - 40630 -40655
Second Resistance Level For Short Banknifty - 40860 -40890
Third Resistance Level For Short Banknifty - 41057 -41086
Fourth Resistance Level For Short Banknifty - 41645 -41690
Importent Signal for Banknifty
Max Pain As per Option Chain Analysis – 41100
PCR ratio as per Option Chain Analysis – 0.49 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 41000
Major Resistance as Per Banknifty Open Interest Analysis – 39500
Conclusion For Monday and Next week
Today Banknifty taken Supporton its Major Support ( 39687 – 39885 ) and reverse
For tomorrow Major Resistance Banknifty is ( 41057 – 41086 )
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 .
Adani Group issue is major concern for market for now .
Banknifty Key Levels for trading on 24 january 2023 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 -42900
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 – 42800
PCR ratio as per Option Chain Analysis – 0.94 ( Near to Bullish )
Major Support as Per Banknifty Open Interest Analysis – 42300
Major Resistance as Per Banknifty Open Interest Analysis – 43200
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
Banknifty Key Levels for future & Option Trading 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
Banknifty Confirm Targets For Expiry Pivot Levels For Banknifty Trading
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 – 42400
PCR ratio as per Option Chain Analysis – 1.06 ( Bullish )
Major Support as Per Banknifty Open Interest Analysis – 42000
Major Resistance as Per Banknifty Open Interest Analysis – 42700
banknifty Expiry Confirm Levels For Trading 13 january 2023 Banknifty Support and Resistance for Option Buying
Support Zones
Frist Support Level For Buying - 41921 - 41951
Second Support Level For Buying - 41648 - 41677
Third Support Level For Buying - 41370 - 41400
Resistance Zones
First Resistance Level For Selling - 42360 -42390
Second Resistance Level For Selling - 42660 -42700
Third Resistance Level For Selling - 42860 -42900
Importent Signal for Banknifty
Max Pain As per Option Chain Analysis – 42100
PCR ratio as per Option Chain Analysis – 0.69 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 42400
Major Resistance as Per Banknifty Open Interest Analysis – 41600
banknifty Expiry Confirm Levels For Trading 12 january 2023 Banknifty Support and Resistance for Option Buying
Support Zones
Frist Support Level For Buying - 41921 - 41951
Second Support Level For Buying - 41648 - 41677
Third Support Level For Buying - 41370 - 41400
Resistance Zones
First Resistance Level For Selling - 42360 -42390
Second Resistance Level For Selling - 42660 -42700
Third Resistance Level For Selling - 42860 -42900
Importent Signal for Banknifty
Max Pain As per Option Chain Analysis – 42200
PCR ratio as per Option Chain Analysis – 0.78 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 42000
Major Resistance as Per Banknifty Open Interest Analysis – 42500 / 43000
Confirm Target for Banknifty for Monday Banknifty Pivot Levels
Support Zones
Frist Support Level For Buying - 41920 - 41950
Second Support Level For Buying - 41650 - 41670
Third Support Level For Buying - 41370 - 41400
Resistance Zones
First Resistance Level For Selling - 42230 -42260
Second Resistance Level For Selling - 42600 - 42630
Third Resistance Level For Selling - 42860 -42900
Importent Signal for Banknifty
Max Pain As per Option Chain Analysis – 42600
PCR ratio as per Option Chain Analysis – 0.52 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 42000
Major Resistance as Per Banknifty Open Interest Analysis – 42500
Banknifty Confirm Targets for Tomorrow Banknifty Pivot Levels
Support Zones
Frist Support Level For Buying - 43020 - 43055
Second Support Level For Buying - 42790 - 42830
Third Support Level For Buying - 42585 - 42610
Resistance Zones
First Resistance Level For Selling - 43500 - 43520
Second Resistance Level For Selling - 43600 - 43620
Third Resistance Level For Selling - 43800 - 43820
Importent Signal for Banknifty
Max Pain As per Option Chain Analysis – 42600
PCR ratio as per Option Chain Analysis – 0.61 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 42200
Major Resistance as Per Banknifty Open Interest Analysis – 43000
Banknifty Possible Trade for 03Jan Support & Resistance Zones For BankNifty Intraday Trading
Support Zones
Frist Support Level For Buying - 43020 - 43055
Second Support Level For Buying - 42790 - 42830
Third Support Level For Buying - 42585 - 42610
Resistance Zones
First Resistance Level For Selling - 43500 -43520
Second Resistance Level For Selling - 43800 -43820
Third Resistance Level For Selling - 43970 -43980
Importent Signal for Banknifty
Max Pain As per Option Chain Analysis – 42600
PCR ratio as per Option Chain Analysis – 0.87( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 43000
Major Resistance as Per Banknifty Open Interest Analysis – 43500
Banknifty New Year Targets Support & Resistance Zones For BankNifty Intraday Trading
Support Zones
Frist Support Level For Buying - 43020 - 43050
Second Support Level For Buying - 42210 - 42245
Third Support Level For Buying - 41921 - 41951
Resistance Zones
First Resistance Level For Selling - 43250 -43280
Second Resistance Level For Selling - 43500 -43520
Third Resistance Level For Selling - 43680 -43700
Importent Signal for Banknifty
Max Pain As per Option Chain Analysis – 42600
PCR ratio as per Option Chain Analysis – 0.74( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 42500
Major Resistance as Per Banknifty Open Interest Analysis – 43000
Banknifty Possible Trade in Option Day Trading Support & Resistance Zones For BankNifty Intraday Trading
Support Zones
Frist Support Level For Buying - 41648 - 41677
Second Support Level For Buying - 41370 - 41400
Third Support Level For Buying - 40860 - 40890
Resistance Zones
First Resistance Level For Selling - 41920 - 41950
Second Resistance Level For Selling - 42210 - 42254
Third Resistance Level For Selling - 42600 -42630
Importent Signal for Banknifty
Max Pain As per Option Chain Analysis – 42000
PCR ratio as per Option Chain Analysis – 0.61 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 41500
Major Resistance as Per Banknifty Open Interest Analysis – 42000