Banknifty Possible Trades for Monday

Banknifty Support and Resistance For Day Trading 20feb 2023

Support Zones
Frist Support Level For For Long Banknifty - 40823 - 40880
Second Support Level For Long Banknifty - 40450 - 40460
Third Support Level For Long Banknifty - 40100 - 40150

Resistance Zones
First Resistance Level For Short Banknifty - 41195 - 41245
Second Resistance Level For Short Banknifty - 41660 - 41700
Third Resistance Level For Short Banknifty - 41921 - 41971

Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 41700
PCR ratio as per Option Chain Analysis – 0.56 ( Bullish )
Major Support as Per Banknifty Open Interest Analysis – 40800
Major Resistance as Per Banknifty Open Interest Analysis – 41500