Banknifty Trading Plan for Tomorrow

12 Haz 2023

The Banknifty Chart Analysis to Understand the Banknifty sentiment and Identify Potential Trading Opportunities for Next Trading Day

Support Zones for Nifty are as Given Below
S1-43825
S2-43620
S3 -43435

Resistance Zones for Nifty are as Given Below
R1- 44060
R2 - 44300
R3 - 44470

Banknifty Open Interest Analysis for Tomorrow
PCR ratio as per Open Interest Analysis -0.76 ( Bearish )
Max Pain As per Open Interest Analysis - 44000
Major Resistance as Per Open Interest Analysis -44000
Major Support as Per Open Interest Analysis -44000

Banknifty is in Bearish Mood from Last Three Days , Today no trend in Any Index , Wait for breakout or Book Small Targets in this types of Market .

Banknifty Long Opportunity tomorrow in Intraday Trading -
If Banknifty Sustain Above 43850 then its Good Buying Opprtunity


Banknifty Short opportunity tomorrow in Intraday Trading -
As Banknifty is in Short term Down Trend , so we can take short trade near Resistance If Banknifty not break Resistance of 44060 then its Good shorting Opprtunity and Next shorting Opprutunity is Near Resistance 44160 if Sustain above these resistance then dont short .

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