NiftyBank Option Buying Strategy with Support & Resistance

Banknifty ConfirmTarget for Monday

Support Zones
Frist Support Level For Buying - 43100 - 43120
Second Support Level For Buying - 42910 - 42930
Third Support Level For Buying - 42770 - 42790

Resistance Zones
First Resistance Level For Selling - 43390 - 43410
Second Resistance Level For Selling - 43495 - 43515
Third Resistance Level For Selling - 43665 -43681


Option Chain Importent Signal for Banknifty Trading

Max Pain As per Option Chain Analysis – 43000
PCR ratio as per Option Chain Analysis – 0.64 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 43000
Major Resistance as Per Banknifty Open Interest Analysis – 43600