Banknifty analysis for 9 apr 2025

 Based on the OI Analytics for BANKNIFTY (as of April 7th, 2025, with expiry on April 24th), here’s a detailed analysis:

---


Key Observations:


1. Price & Trend:


BANKNIFTY Spot: 50511


Up by +650.90 points or +1.31%, indicating bullish strength.

---


Open Interest (OI) Analysis:


Open Interest Levels (Chart 1 & 2):


Highest Call OI: At 51000, followed by 50800.


Highest Put OI: At 50500, followed by 50000.


This indicates:


Major Resistance: 51000


Major Support: 50500 (Immediate), 50000 (Strong support)

Change in OI:


50500 saw significant Put writing, showing bullish sentiment & strong base.


Minimal Call writing across strikes above 50500, indicating less aggressive resistance.


---


PCR (Put-Call Ratio):


Current PCR: 0.78, down from a recent high of ~1.4.


A declining PCR indicates profit booking or short build-up on the rise.


However, 0.78 is not yet oversold, but leans towards a neutral-bearish zone.

---


Trade Plan:


If Bullish Bias Continues:


Buy on Dip Strategy:


Entry near: 50400–50500


SL: Below 50250


Target: 50800 / 51000

If Price Rejects 50800–51000 Zone:


Consider shorting near resistance.


Entry: Around 50950–51000


SL: Above 51150


Target: 50500 / 50200

---


Conclusion:


Support Zone: 50500–50000


Resistance Zone: 50800–51000


Current momentum favors bulls, but resistance is close, so watch for price action near 50800–51000 for reversal signs.


Ideal for scalping trades between 50500–51000 until a breakout/breakdown.


Comments

Post a Comment

Popular posts from this blog

Banknifty analysis 7 june 2025

 Based on images and data, here's a comprehensive intraday analysis for Bank Nifty as of June 6, 2025. --- 📊 Current Market Snapshot: Bank Nifty Spot: 56,578.40 ▲ +817.55 (+1.47%) Momentum (RSI 14): 70.08 — Overbought zone Volume: Spike indicates strength in the breakout. --- 🔍 Technical Chart Analysis: Strong bullish candle with high volume shows a decisive breakout. RSI is at 70+, indicating strong momentum, but also potential short-term exhaustion. Consolidation above 56,200–56,300 previously, now acting as support.-- 🔎 Option Chain Analysis (26 June 2025 expiry): 🔼 Resistance Zones (High Call OI): Strike Call OI Comment 57000 11.45L Strong resistance 56800 1.22L Moderate resistance 56700 1.29L Light resistance 🔽 Support Zones (High Put OI): Strike Put OI Comment 56500 7.12L Strong support 56400 1.77L Moderate support 56600 2.08L Immediate support --- 🧠 PCR (Put/Call Ratio): Overall PCR: 0.98 → Neutral to slightly bullish Rising Put OI at 56...
Read more

Banknifty analysis for 11 June 2025

Based on (Option Chain, OI Analytics, and Intraday Chart for BANKNIFTY as of 11 June 2025), here's a detailed analysis of support, resistance, and a suggested intraday trade plan: --- 🔍 1. SUPPORT & RESISTANCE (based on OI & Price Action) 📉 Resistance Zones 57000:         Highest Call OI at 13.7L. Significant drop in Call prices across strikes (e.g., 57200 CE down -29.82%). Indicates strong resistance as writers are active. 56800 - 57000: Cluster of high Call OI; option writers expect price to stay below this. 📈 Support Zones   56500: Highest Put OI at 7.81L with a massive change of +76020 contracts. Strongest support zone. 56400 - 56600: Strong base of Put writing—buyers showing confidence. --- 📊 2. PCR (Put-Call Ratio) Analysis Overall PCR: 0.95 – Slightly bearish sentiment but near neutral. PCR trend (June 3–9) shows rising PCR till June 9, indicating puts are being added (support is strengthening). --- 🕹️ 3. Intraday Chart Observations (11 ...
Read more

Banknifty analysis for 5 may 2025

 Based on data for Bank Nifty (as of May 2, 2025), here’s a breakdown of key support and resistance levels, followed by the ideal trade setup: --- Chart Analysis : Current Price: 55115.35 RSI: 67.16 (bullish but nearing overbought zone) EMA Support Levels: 50 EMA: 51865 200 EMA: 50581 Structure Observation: Price is in a strong uptrend and respecting moving averages. Immediate consolidation is happening between 55000 and 55600 zones. Strong rejection from highs (long wicks visible) — signs of possible short-term resistance. --- Option Chain Analysis – Monthly Expiry (May 29) Major Resistance Zone 55600 & 55700 strikes have high Call OI: 55600 CE: 1.71L 55700 CE: 1.65L LTPs are declining, showing call writers are defending those levels. Major Support Zone 55000 PE OI: 9.53L (highest Put OI) Followed by 54700-54900 zone with decent Put writing. PCR = 0.9 → Slightly bearish to neutral. --- Open Interest Analytics  Max Call OI: 55000–55600 Max Put OI: 55000 (Strong base) Total...
Read more