Importent Signal for Banknifty Trading 10 feb 2023

2023年2月9日

Banknifty key support and Resistance for Intraday trading


Banknifty End of Day Study
Weekly Expiry on 16 Feb 2023
India Vix Closing – 13.04

Support Zones
Frist Support Level For For Long Banknifty - 41249 - 41286
Second Support Level For Long Banknifty - 40760 - 40800
Third Support Level For Long Banknifty - 40105 - 40150

Resistance Zones
First Resistance Level For Short Banknifty - 41645 -41690
Second Resistance Level For Short Banknifty - 41920 -41970
Third Resistance Level For Short Banknifty - 42675 -42700

Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 41500
PCR ratio as per Option Chain Analysis – 0.99 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 41000
Major Resistance as Per Banknifty Open Interest Analysis – 42000

Conlusion -
Bankifty is now in consolidation zone , not crossing Major Support or Support Resistance
Try to buy near Support Zone and Try to Short near resistance with small stoploss .

IMP NEWS IN STOCK MARKET USEABLE FOR TRADING

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