BankNifty Intraday Analysis for Wednesday
#NIFTYBANK
BankNifty Intraday Analysis for Wednesday:
💥Banknifty closes at 42457 after hitting 42225 couple of times today (Support). So we sell Banknifty below 42210 or buy PE but condition is that 15 mins candle closing needed above that level. Target will be 42100/42000/41900.
💥We also buy Banknifty above 43475 after 9:45 am, then we can see immediate target of 42610/42780.
💥If 42210-42240 is support so be carefull by initiating any trade around this level.
👉Banknifty may open +150/-150 Points from today closing (as per SGX Data calculation at 10.20 pm IST)
👉Banknifty PCR is 1.05 so it is neutral. Max OI concentration in 42700 for CE writters so it will act as resistance and 42500 where PE has been written.
BankNifty Intraday Analysis for Wednesday:
💥Banknifty closes at 42457 after hitting 42225 couple of times today (Support). So we sell Banknifty below 42210 or buy PE but condition is that 15 mins candle closing needed above that level. Target will be 42100/42000/41900.
💥We also buy Banknifty above 43475 after 9:45 am, then we can see immediate target of 42610/42780.
💥If 42210-42240 is support so be carefull by initiating any trade around this level.
👉Banknifty may open +150/-150 Points from today closing (as per SGX Data calculation at 10.20 pm IST)
👉Banknifty PCR is 1.05 so it is neutral. Max OI concentration in 42700 for CE writters so it will act as resistance and 42500 where PE has been written.
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