Banknifty analysis for 27 march 2025

From the option chain data and the Bank Nifty chart, here’s the analysis of key support

Support Levels:

1. 50,500 – 50,600 Region:

The EMA cross (65 & 200) shows support around 50,508.70.

PCR (Put Call Ratio) at 51,600 strike price is 0.36, indicating strong put writing and support.

RSI near 35 suggests it's approaching an oversold zone.

2. 49,200 – 49,400 Region:

Strong buying interest expected near previous lows.

The chart suggests 49,211 as a key level, with major support around 48,199.

Resistance Levels:

1. 51,500 – 51,700 Region:

Highest Call Open Interest (OI) at 51,500 & 51,700 suggests strong resistance.

PCR at 51,500 is 0.62, indicating more call writers.

EMA resistance around 51,346 – 51,368.

2. 52,000 – 52,100 Region:

Previous high at 52,063.95 is a major resistance.

If Bank Nifty breaks 51,700, it could attempt to test 52,000.

Conclusion:

Bias: Bearish below 51,200; bullish only above 51,700.

Strategy: A bounce from 50,500 could provide long opportunities, while rejection from 51,500-51,700 could be a selling point.

Would you like specific trade ideas based on this analysis?

Banknifty analysis