Banknifty Possible Trade 17012023

Banknifty Support and Resistance for Option Buying


Support Zones
Frist Support Level For Buying - 41645 - 41690
Second Support Level For Buying - 41365 - 41395
Third Support Level For Buying - 41060 - 41090

Resistance Zones
First Resistance Level For Selling - 42360 -42390
Second Resistance Level For Selling - 42870 -42900
Third Resistance Level For Selling - 42900 -43140

Importent Signal for Banknifty
Max Pain As per Option Chain Analysis – 42400
PCR ratio as per Option Chain Analysis – 0.67 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 42000
Major Resistance as Per Banknifty Open Interest Analysis – 42700