Tomorrow Possible Trade in Banknifty

Banknifty Updated Support and Resistance on One Hour Chart Analysis


Support Zones
Frist Support Level For For Long Banknifty - 39015 - 38875
Second Support Level For Long Banknifty - 38700 - 38750
Third Support Level For Long Banknifty - 38300 - 38330

Resistance Zones
First Resistance Level For Short Banknifty - 39700 - 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 – 0.83 ( Bearish)
Major Support as Per Banknifty Open Interest Analysis – 39000
Major Resistance as Per Banknifty Open Interest Analysis – 39600 / 40000