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