Banknifty analysis

 Based on (option chain, OI analytics, and 1-hour Bank Nifty chart), here’s a detailed intraday analysis for 2nd June 2025: 📊 Price & Technical Overview (Chart) Current Price: 55,755 Support from EMAs: 50 EMA: 55,372 200 EMA: 54,476 RSI (14): 60.86 (indicates bullish momentum but not overbought) Volume: Increasing with price – a positive sign for continuation 🔎 Observation: Price is trading above both 50 and 200 EMAs. RSI is supportive. Trend is clearly bullish on the 1-hour chart. --- 🔐 Key Support and Resistance Levels (Based on OI and Chart) 🔽 Supports: 1. 55,300 – 55,500 Zone: Strong Put OI at 55,500: 5.57L Also backed by chart structure and moving averages 2. 55,000 Level (psychological + OI level) 🔼 Resistances: 1. 56,000: Highest Call OI: 19.25L Strong rejection likely here unless broken with volume 2. 55,800: Moderate Call OI: 1.44L Can act as intraday barrier before 56K --- 📈 Open Interest and PCR Analysis PCR: 1.02 (Neutral to Slightly Bullish) Put OI > Call ...

 Based on the Bank Nifty chart, OI analytics, and option chain (expiry 26 June 2025), here's a complete analysis to guide your intraday trade: --- 📊 Technical Chart Analysis (1H Timeframe) Price: 55,546 Indicators: 50 EMA (Orange) ≈ 55,300 200 EMA (Purple) ≈ 54,483 RSI (14): 62.82 (bullish but not overbought) Observations: Strong green candle breaking recent resistance around 55,300–55,400 Price holding above 50 EMA, heading toward previous highs RSI shows bullish momentum with room to go higher Volume on the breakout candle is solid — bullish signal --- 🔎 Key Support & Resistance Levels Support Zones: 1. 55,000 – Strong psychological and technical support 2. 54,483 – 200 EMA support 3. 55,300 – Previous breakout level (now turned support) Resistance Zones: 1. 55,700–55,800 – Highest call OI buildup 2. 56,000 – Next psychological resistance + high OI --- 📈 Open Interest (OI) Analysis PCR (Put/Call Ratio): 0.97 → Slightly neutral to bullish Call OI buildup: Highest at 56,000 ...

 Based on  data (OI Analytics, Option Chain, and Chart), here's a detailed analysis for BANKNIFTY as of May 28, 2025: ---  1. Price & Technical Chart Overview BANKNIFTY Spot Price: 55,417 Trend: Consolidation with bullish bias EMA: 50 EMA (Orange): ~55,274 (current price above it – bullish) 200 EMA (Purple): ~54,366 (strong trend support) RSI: 53.81 – Neutral, but slightly bullish, not overbought/oversold. --- 📊 2. Open Interest (OI) Data Analysis (29 May Expiry) 🔵 OI & PCR Trend: Put-Call Ratio (PCR): ~0.8 – indicates more call writers → mild bearish/balanced sentiment. Total Call OI: 2.83 Cr | Total Put OI: 2.28 Cr → More resistance than support. 🔴 Resistance Levels (Call Writing Zones): 55,500 CE: 15.41 L OI (Huge resistance zone) 55,000 CE: 6.78 L OI 54,400 CE: 6.14 L OI 🟢 Support Levels (Put Writing Zones): 55,000 PE: 14.97 L OI (Strongest support) 54,400 PE: 6.33 L OI 55,500 PE: 12.84 L OI → Also decent support (surprisingly!) --- ⚡ Perfect Intraday Trad...

 Here’s a breakdown of the BANKNIFTY intraday analysis based on the Open Interest (OI), PCR, and chart: --- 1. Key Support & Resistance Levels (Based on OI Data & PCR): Support Levels: 55000: Highest Put OI at 17.60L with PCR 2.20 — strong support. 55100–55200: Increasing Put OI and rising PCR (1.90–1.33) confirms layered support. Resistance Levels: 55500: Highest Call OI at 15.93L with PCR 0.91 — strong resistance. 55600–55700: Lower PCR values (0.81–0.52) indicate call writers dominating — next resistance zone. --- 2. Technical Chart Analysis: Price: ₹55352.45, slightly below short-term EMA (50) of 55235.53 and well above long-term EMA (200) at 54301.81 — bullish crossover condition still intact. RSI: At 50.85, neutral, showing indecision — waiting for a breakout or breakdown. --- 3. Option Chain Insights: PCR (29 May expiry): 0.84 — slightly bearish bias. Significant Put buildup at 55000, 55200, and 55300 — buyers expecting these levels to hold. Call buildup is strong at...

 Based on the data and charts for Bank Nifty, here's a detailed analysis for Intraday trading: 1. Price Action & Chart Analysis (4H Timeframe) Current Price: 55,572 (or ~55,559 in TradingView chart) Trend: Short-term bullish with higher lows and price above 50 EMA. RSI: Around 59.47 — mildly bullish, not overbought. Support (EMA): 50 EMA: ~54,494 – Key short-term support 200 EMA: ~52,345 – Stronger positional support --- 2. Option Chain Analysis (Expiry 29 May 2025) Support Levels (Put OI Build-up): 55,000 PE: 14.17L OI (strongest support) 54,400 PE & 54,300 PE: Decent base forming Resistance Levels (Call OI Build-up): 56,000 CE: 16.07L OI (strongest resistance) 55,800 CE & 55,700 CE: Additional resistance zone PCR (Put/Call Ratio): 0.84 → Mildly Bearish sentiment --- 3. OI Trend (from OI Analytics): Total Call OI: 2.79 Cr vs Put OI: 2.35 Cr → Call writing pressure dominates Max Call OI: 56,000 Max Put OI: 55,000 OI shift suggests market is range-bound between 55,000 – ...

 Based on the data from the option chain, OI analytics, and chart for Bank Nifty (spot at 55398), here's a detailed intraday analysis:- 1. Key Support and Resistance Zones (Based on OI and Chart): Support Levels: 55000 – Highest Put OI at 17.60L (strong support zone). 54100-54200 – 200 EMA zone on the chart; strong dynamic support. 53500-53600 – Previous demand area (visible on the chart). Resistance Levels: 55500 – Highest Call OI at 13.38L (strong resistance). 55600 – Call OI buildup (3.43L), and chart price stalled near this previously. 55900 – Another notable Call OI area. --- 2. Option Chain Insights: PCR (Put-Call Ratio): 0.86 (bearish to neutral bias). Highest OI Buildup:                        #   Calls at 55500                      #    Puts at 55000 Implied volatility seems elevated with sharp changes in option premiums (esp. calls). --- 3...

 Based on charts and data (OI Analytics, Option Chain, and 1-hour chart of Bank Nifty), here's a detailed intraday analysis for 23 May 2025: --- 1. Key Technical Levels Support Zone Immediate Support: 54800 (based on price action + Put OI buildup) Stronger Support: 54500 (Max Put OI - 6.08L) Additional support from 200 EMA near 54007, strong dynamic support. Resistance Zone Immediate Resistance: 55000 (Heavy Call OI - 11.91L) Major Resistance: 55500 (Highest Call OI - 13.72L) --- 2. Option Chain Insights (29 May Expiry) PCR (Put/Call Ratio): 0.74 → Bearish bias (more Call writing than Put writing). OI Buildup: Calls: High at 55000 & 55500 Puts: Strongest at 54500, decent at 55000, weak beyond that. --- 3. OI vs Time Analysis Consistent Call OI > Put OI → indicating bearish to rangebound sentiment. PCR has dropped slightly over time → strengthening bear side. --- 4. Chart Analysis (1H Timeframe) Price trading below both 50 EMA and 200 EMA. RSI near 49.25 → Neutral zone, no ov...

 Based on Bank Nifty data (charts, OI analysis, and option chain), here is a detailed intraday trade analysis for 22 May 2025: --- 1. Chart Analysis (15-min TF): Price: 55065.60 Indicators: RSI is around 52.57 — Neutral to slightly bullish zone. Price is testing the 200 EMA (around 54982) and just below 50 EMA (around 55086) — showing potential resistance. Price made a short-term higher low, showing recovery attempt. --- 2. Option Chain Analysis (29 May 2025 expiry): Highest Call OI: 55500 (13.56L) → Strong resistance 55000 (9.98L) → Immediate resistance Highest Put OI: 55000 (17.33L) → Strong support 54900–54800 zone has decent support too PCR (Put/Call Ratio): 0.76 → Bearish bias (more calls than puts) --- 3. Open Interest & Volume Activity: Call OI dropped at 55000 (-73.7k) and Put OI also dropped (-79.6k) — suggesting unwinding from both sides. 55000 is acting as a pivot level right now. 4. Key Levels: Major Support: 54800–54900 zone Major Resistance: 55300–55500 zone --- 5...

 Here's a detailed intraday analysis for Bank Nifty (as of 21 May 2025): --- 1. Price Action & Technical Chart (15 min) Current Price: 54,932 RSI: 35.40 (near oversold zone) EMA Levels: 50 EMA: 55,167 200 EMA: 55,049 Observation: Price is trading below both EMAs, showing bearish sentiment, but RSI indicates possible short-term reversal. --- 2. Option Chain & OI Analysis (29 May Expiry) Call Side (Resistance) Strongest Call OI: 55,000: 10.85L 55100–55200: 2.85L–4.34L PCR < 1, indicating call writing dominance Change in OI: Negative across call strikes – unwinding seen Put Side (Support) Highest Put OI: 55,000 PE: 18.66L (Strongest base/support) 54500 PE: 6.21L Put Writing seen at: 54500, 54800, 54900 (short-term support) --- 3. PCR (Put-Call Ratio) Overall PCR: 0.74 — Bearish bias Falling PCR from 13 May onward — confirms gradual weakening --- 4. Volume & Candlestick Insight Volume spike seen at 54,400–54,500 — possible demand zone Wick rejection at lower level + RSI ...

 Based on your provided charts and option data, here's a comprehensive intraday analysis for Bank Nifty (as of May 20, 2025): --- 1. Chart (15-min TF) Observations: Price: 55400–55420 zone. EMA Levels: 50 EMA: 55382 (close to current price). 200 EMA: 55016 (key support zone). RSI (14): 43.84 — indicating weak momentum; not yet oversold. Price Action: After a rally, there's a clear pullback forming a base near the 50 EMA, trying to hold. --- 2. Option Chain & OI Data (Exp: 29 May 2025): ATM Strike: 55500 Strongest Call OI: 55000 CE: 8.41L (resistance) 55500 CE: 12.94L Strongest Put OI: 55000 PE: 20.43L (major support) 55500 PE: 8.82L PCR (Put/Call Ratio): 0.87 — mildly bearish bias. OI change: Calls added near 55400–55600 Puts added at 55000, confirming strong support there. 3. Support & Resistance Levels: Major Support: 55000 (strong put OI + 200 EMA nearby) 55300–55350 (price action + EMA 50) Major Resistance: 55500 (heavy call writing) 55600–55700 (next resistance zon...

Based on the  (option chain, OI analytics, and BankNifty chart), here’s a full analysis of support, resistance and potential trade setup for expiry 29 May 2025: --- 1. Support & Resistance (from Option Chain & OI Analytics) Major Resistance Zones: 55500 CE has the highest Call OI (12.58L) – strong resistance. 55400 CE (3.73L OI) and 55300 CE (3.61L OI) also show good resistance. Prices are near 55354 – so 55500 zone is the immediate resistance. Major Support Zones: 55000 PE has highest Put OI (19.76L) – strong support. 55400 PE (2.96L OI) and 55300 PE (3.64L OI) show good addition as well. 55000 is the strongest support, with PCR ~0.9, indicating slight bearish to neutral sentiment. --- 2. Technical Chart Analysis (1-Hour TF) Price: 55350.80, testing 55300-55400 resistance zone. RSI: At 61.03 – neutral to slightly bullish. EMA 50: 54951, EMA 200: 53648 → Price is above both – bullish signal. Volume on recent candles is low, but not negative. --- 3. PCR & OI Trend Insigh...

 Based on OI data, option chain, and Bank Nifty chart, here's the consolidated analysis: 1. Price Action & Chart (15 min TF) Current Price: 55,355.60 RSI: 65.77 – near overbought, but still has room. EMA 50 & 200 Crossover: Golden cross around 54,800 – bullish signal. Strong upward momentum is visible after consolidating above the 200 EMA. --- 2. Option Chain Analysis (Expiry 29 May 2025) Key Levels: Support Zones (Put OI Build-up): 55,000: 19.19L OI – strongest support 54,900 - 54,800: Moderate support visible Resistance Zones (Call OI Build-up): 55,500: 11.88L OI – strongest resistance 55,400: 3.51L OI – next resistance > PCR (Put/Call Ratio): 0.94 Slightly below 1, indicating neutral to slightly bearish bias from option writers but close to equilibrium. --- 3. OI & PCR Trend Steady PCR around 0.9-1.0 across dates shows balanced market, no strong directional bias. Call OI slightly outweighs Put OI (2.34Cr vs 2.19Cr), showing cautious optimism. --- 4. Perfect Trade ...

 Here's a breakdown of the Bank Nifty analysis based on charts and option chain data: 1. Chart Analysis Daily Chart  Price: ~54,801 Support Levels: 50,898 (200 EMA) 52,620 (500 EMA) – Strong immediate support Resistance Levels: 55,500–55,700 – previous top wick rejections 56,000+ – psychological level 15-Min Chart  Price bounced near 54,620 (short-term support) Recovery seen from lower levels with volume uptick RSI is rebounding from ~30-40 zone (was oversold earlier) --- 2. Option Chain Analysis  Key Observations: Highest Call OI: 55,500 CE (12.72L) – strong resistance Highest Put OI: 54,500 PE (5.22L) – immediate support PCR Analysis: 54,600 PCR = 1.85 → strong support 54,700/54,800 PCR < 1 → weak/neutral 55,500 PCR = 0.35 → very strong resistance Long Buildup (from OI Analytics) indicates bullish expectations --- Trade Plan (Scalping/Swing) Scenario 1: Bullish Intraday/Scalp Entry: If price sustains above 54,900 Target: 55,200 / 55,500 (partial booking) SL: Bel...

 Here’s a detailed analysis based on the Bank Nifty chart, Option Chain, and OI Analytics : 1. Technical Chart Analysis (Daily Timeframe) Price: 54,940.85 (-0.80%) 50 EMA (Orange): ~52,531 (first support) 200 EMA (Purple): ~50,833 (major support zone) Recent rally has stalled near 55,500 with sideways movement indicating possible distribution. RSI: Around 59 – neutral to slightly bullish. Chart Levels: Immediate Support: 52,500-52,800 (50 EMA and demand zone) Major Support: 50,800-51,000 (200 EMA and previous breakout) Immediate Resistance: 55,500 Strong Resistance: 56,000-56,200 (previous swing high) --- 2. Option Chain Data (29 May 2025 Expiry) Key Observations: Highest Call OI at 55,000 (12.76L contracts) → Strong resistance Highest Put OI at 54,500 (4.84L contracts) → Moderate support, but reducing (-12,000 OI change) Put writing visible at 54900, 55000 – but not very aggressive Conclusion: Resistance Zone: 55,000-55,500 Support Weakening: 54,500 and below --- 3. OI Analytics ...

 Here's a detailed analysis based on the Bank Nifty chart, option chain, and OI analytics : 1. Technical Chart Analysis Current Price: 55382.85 (+3.34%) Trend: Strong bullish candle on 12th May with significant gap-up and high volume. RSI: Around 62.58 — not overbought yet, still room for upside. Support Levels: 52432: 50 EMA (strong dynamic support) 50737: 200 EMA (very strong positional support) Near-term Support: 54500-54700 zone (recent consolidation) Resistance Levels: 55300-55500: Psychological and round-number resistance (price is near this zone now) 56000: Next round level with resistance based on OI --- 2. Option Chain (29 May 2025 Expiry) Max Call OI: 55500 CE (9.51L) – Strong resistance 55900 CE (1.65L) – Next hurdle Max Put OI: 54900 PE (1.22L) – Strong support 55000 PE (19.7L OI) – Support as well (but falling OI) PCR: 0.89 – Slightly bearish to neutral bias (below 1) Implication: Traders are cautious above 55500; there’s support around 54900–55000. 3. OI Analytics Tot...

 Here's a detailed analysis of the Bank Nifty : --- 1. Chart Analysis (Technical - 1h Timeframe) Trend: Price is below both 50 EMA  and 200 EMA , indicating a bearish trend. Resistance: Immediate: Around 54450–54500 (50 EMA and recent swing high). Strong: ~55000 (trendline resistance + psychological level). Support: Immediate: 53180 (200 EMA on 1H chart). Strong: ~52200 (marked horizontal support, next demand zone). RSI: At 28.52 — oversold, but not reversing yet. Could signal a bounce or brief consolidation. --- 2. Option Chain Analysis (29 May 2025 Expiry) Heavy Call Writing: Seen at 54000 and 53500 — indicates resistance. Put Writing: Maximum at 53000, slight buildup at 53100–53300 — shows base forming around this zone. PCR: 0.73 — bearish sentiment; more calls than puts open. 3. OI Analytics (PCR Trend) PCR Decreasing: from ~1.13 to 0.73 over 5 days — consistent bearish sentiment. Total OI: 2.39 Cr (Call) vs. 1.76 Cr (Put) — again skewed toward bearish positioning. --- Con...

 Based on data (BankNIFTY OI Analytics, Option Chain, and Chart): --- 1. Major Support and Resistance (Based on OI and Chart): Support Levels: 54000: Strong Put OI buildup (18.36L), PCR = 2.09 – a critical support zone. 54100–54200: Decent put writing here, adding strength. 53290 (SMA 200): Strong dynamic support from 200-period moving average on the chart. Resistance Levels: 54500: Highest Call OI (5.82L), strong resistance zone. 54700: Increasing Call OI and strong rejection in price – next hurdle. 54800–55000 (Chart Levels): Price faced resistance around here recently. --- 2. Technical Chart Analysis (1H Timeframe): Price is currently trading below both 50 EMA  and 200 EMA , indicating a short-term bearish trend. RSI ~33: Near oversold territory – suggesting a possible bounce or consolidation. Recent candle wicks show buying around 54100, indicating demand in this zone. 3. Option Chain & OI Data Summary: PCR ~0.8: Slightly bearish sentiment overall. Call writing seen at...

 Let's analyze the Bank Nifty data based on the OI Analytics, chart, and option chain for expiry 29 May 2025: --- 1. Major Support & Resistance Levels: Support Levels: 54500 PE: Highest Put OI at 6.34L, indicating strong support around 54500. 54400 PE & 54300 PE: Also show good interest (2.84L & 2.26L respectively), making 54300–54500 a strong support zone. Technical chart shows a wick rejection from below 54000, confirming support. Resistance Levels: 55000 CE: Highest Call OI at 10.42L, indicating strong resistance. 54800–55200 CE: All have >1L OI, forming a resistance band above 54800. --- 2. PCR (Put-Call Ratio): PCR ~0.83: Indicates bearish to neutral sentiment (as it’s below 1). Falling PCR over days (as seen in OI & PCR vs Time) suggests increasing call writing or put unwinding — hinting resistance buildup. 3. Technical Chart Analysis : Price: 54610.90 Rejected from recent highs ~55600, currently consolidating. RSI: 60.86 — neutral, with potential for upwar...

 Based on charts and option data for Bank Nifty (Expiry: 29 May 2025), here's a comprehensive analysis: --- 1. Price Action & Technical Chart Current Price: 54271.40 (down -648.10 / -1.18%) Pattern Observed: Sharp rejection from recent highs (~55,500), forming a lower high, indicating short-term bearishness. RSI: 58.68, turning down – showing weakening bullish momentum. Trendline: Price rejected from a downward sloping trendline. Moving Averages: 50 EMA ~52074 (Support) 200 EMA ~50662 (Stronger support) 20 EMA ~closer to current level – might act as resistance now --- 2. Option Chain Data Analysis (29 May Expiry) Strongest Resistance Zone: 54500 CE: OI = 2.28L; LTP dropping (-36.22%) – significant writing 54400 CE: OI = 53730; CE price dropping – more resistance seen here PCR (Put/Call Ratio): 0.83 – bearish bias Strongest Support Zone: 54000 PE: OI = 11.78L – Highest PE OI = strongest immediate support 54300 PE & 54500 PE also show good build-up = gradual support above ---...

 Based on the option chain, OI analytics, and chart data for Bank Nifty (as of 5 May 2025), here’s a detailed analysis: --- 1. Major Support & Resistance Levels Support Zones: 55000 PE has the highest OI among puts: 11.22L, indicating strong support at 55000. Additional minor support can be seen at 54900 PE (OI: 1.68L) and 54800 PE (1.55L). Chart-wise, a recent price dip is being held just around the 54800–55000 zone. Resistance Zones: 55500 CE has significant OI: 10.91L, suggesting strong resistance here. Additional resistance seen at 55200 CE and 55300 CE. Chart shows consolidation and rejection near 55345 (today’s high). --- 2. Put-Call Ratio (PCR) Analysis PCR is 0.89, indicating a neutral to slightly bearish bias. Historical PCR trend shows a steady-to-declining sentiment recently. --- 3. Price Action & Technical View Bank Nifty has pulled back from its recent high (around 55600–55700). It is currently consolidating near 54900–55000 after a sharp uptrend. RSI is coolin...

 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...