Banknifty analysis for 25 apr 2025

 Here's a quick analysis based on your charts and OI data :

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1. BankNIFTY Current Price & Trend


Spot Price: 55201.40 (down by -168.65 / -0.30%)


Last Candle Close: 55130.90


50 EMA: 55066.57


200 EMA: 53181.70


RSI (14): 37.56 – Near oversold zone



BankNIFTY is currently hovering around its 50 EMA, which is a key support zone.

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2. OI & PCR Analysis


PCR (Put/Call Ratio): ~1.13 – Slightly bullish sentiment


Put Writing Dominant at: 55000 (7.94L), 55300 (1.86L), 55500 (7.76L)


Call Writing Strong at: 55300 (1.53L), 55400 (1.31L), 55500 (9.28L)



This indicates a narrow range between 55000 and 55500.

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3. Option Chain Analysis (Resistance & Support Levels)


Support Zone:


55000 PE: 7.94L OI – Major Put base


55100–55200 PE: Decent buildup


Resistance Zone:


55500 CE: 9.28L OI – Strong resistance


55400 CE: 1.31L


55300 CE: 1.53L


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4. Technical Summary


RSI is low (37.56), indicating oversold conditions, price is near 50 EMA, which usually acts as a bounce level.


However, strong resistance seen near 55500–55600 due to heavy Call writing.


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Trade Plan


Aggressive Intraday Long (Buy Call)


Entry: Near 55050–55100


Target: 55300–55500


SL: Below 54950 (closing basis)



Use options like 55300 CE or 55400 CE with tight stop-loss if market shows reversal signs near 55000.


Conservative Put Entry (If Resistance Holds)


If price fails to sustain above 55300–55400:


Buy 55300 PE or 55200 PE


Target: 55000–54800


SL: Above 55550 spot

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