NiftyBank One Hour Chart Analysis with Banknifty Target

Support & Resistance Zones For BankNifty Intraday Trading

Support Zones
Frist Support Level For Buying - 43240 - 43260
Second Support Level For Buying - 43100 - 43120
Third Support Level For Buying - 42910 - 42930

Resistance Zones
First Resistance Level For Selling - 43395 - 43415
Second Resistance Level For Selling -43500 - 43520
Third Resistance Level For Selling - 43680 -43700

Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 43300
PCR ratio as per Option Chain Analysis – 0.86 ( Bearish and Near to Bullish )
Major Support as Per Banknifty Open Interest Analysis – 43000
Major Resistance as Per Banknifty Open Interest Analysis – 43500 / 44000