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