Banknifty analysis 11 apr 2025

 Let's analyze the OI data and identify major levels and trade plans for BANKNIFTY:


1. Price Overview


Current Spot Price: 50,240.15


PCR (Put Call Ratio): 0.74 (bearish sentiment)


Expiry: 24 April 2025

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2. Open Interest Analysis (OI)

Highest Call OI:

50500 CE → Significant call writing here. Strong resistance.


Highest Put OI:

50000 PE → Strong base/support level.


Other visible OI activity:

Moderate OI at 50300 and 50400 levels, but not as significant as 50500 CE or 50000 PE.

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3. OI Change

Call OI Increase at 50500 → Resistance is strengthening.


Put OI Increase at 50000 → Support is strengthening.


Reduction in Put OI across strikes above 50000 → Weakens the bullish base slightly.


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4. OI & PCR vs Time


PCR has been falling from 1.49 to 0.74 → Bearish pressure increasing over recent days.


Call OI is rising while Put OI is flat or reducing → Bears getting aggressive.


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5. Conclusion: Key Levels


Resistance: 50500


Support: 50000


Range: 50000 – 50500 for now


Breakout Level for Bullish Entry: Above 50500 with volume and Put writing.


Breakdown Level for Bearish Entry: Below 50000 with Call writing.

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6. Trade Plan


Scalp or Intraday (Preferred Style)


Near 50500:


Watch for rejection → Look for CE short or buy PE.



Near 50000:


Watch for support → Look for PE short or buy CE.


Breakdown below 50000:


Entry: Below 49950-49900 with strong bearish candle + call writing confirmation.


Target: 49500 / 49200


Breakout above 50500:


Entry: Above 50550 with volume + put writing.


Target: 50800 / 51000


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