Banknifty analysis 13 may 2025

 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


Total OI:


Calls: 2.33 Cr


Puts: 2.06 Cr


Indicates: More call writing → overhead resistance expected


Trend: PCR gradually dropping, showing call writers gaining confidence near 55500


Trade Plan


Scenario 1: Bullish Continuation (Above 55500)


Entry: If Bank Nifty gives a strong close above 55500 with volume, enter long


Target: 55900–56000


Stop-loss: Below 55000



Scenario 2: Rejection at Resistance (Reversal)


Entry: If price shows rejection near 55500 with weak candle or gap-down open


Trade: Consider PE (put) entry


Target: 54700–54500


Stop-loss: Above 55600


Ideal Trade Timing


For Intraday: Wait for 15-min confirmation above/below 55500 zone with volume


For Swing: Daily close above 55500 or rejection with bearish candle for reversal


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