Banknifty one hour Chart Analysis with Confirm Targets

14 nov 2022

Support Zones For BankNifty Intraday Trading

First Support Zone For BankNifty –          ( 41921 - 41951)
Second Support Zone For BankNifty –     (  41648 -41678 )
Third Support Zone For Banknifty   -        (  41367 - 41400 )


Resistance Zones For BankNifty Intraday Trading

First Resistance  Zone For BankNifty –        ( 42235 - 42205)
Second Resistance  Zone For BankNifty –    (  42350 - 42375)
Third Resistance Zone For BankNifty     -    ( Wait For New High )


Importent Signal from Data Analysis 

Max Pain As per Option Chain Analysis –  42000
PCR ratio as per Option Chain Analysis –  1.01 ( Bullish )
Major Support as Per Banknifty Open Interest Analysis – 42000
Major Resistance  as Per Banknifty Open Interest Analysis –  42200/42300