Banknifty analysis for 28 march 2025

 Major Support & Resistance Analysis for Bank Nifty

1. Chart-Based Analysis 15 min

Resistance Levels:

51,800-52,000: Heavy call writing, psychological level.


51,700-51,800: Previous rejection area, potential supply zone.



Support Levels:


51,400-51,500: Confluence of 65 EMA and option chain support.


51,200: Strong put writing, indicating demand.


50,750-50,800: 200 EMA, major dynamic support.


2. Option Chain-Based Analysis next month


Resistance:

52,000: Highest call OI (20.28L), strong resistance.


51,800: Significant call buildup.


Support:


51,500: High put OI (16.67L), immediate support.


51,200: Strong put buildup (3.10L), another support zone.


Conclusion:


If price stays above 51,500, expect an upside move towards 51,800-52,000.


If price breaks 51,400, expect a downside move towards 51,200-50,750.


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