Banknifty analysis 14 may 2025

 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 & PCR

PCR (Put/Call Ratio): 0.81 → Indicates bearish to neutral sentiment

Call writing dominates around 55,000

Put OI has been decreasing consistently

---

Conclusion & Trading Plan

Major Support Zones:

52,500 – 52,800 (50 EMA)

50,800 – 51,000 (200 EMA, stronger support)

Major Resistance Zones:

55,000 (Heavy Call OI)

55,500 (Technical + Option data)

---

Trade Setup Suggestion

Bullish Scenario (Buy Call):

Entry: Near 52,500-52,800 zone (only if price finds support and reversal candle forms)

Target: 54,900 – 55,500

Stop Loss: Below 52,300 (to avoid breakdown trap)

Bearish Scenario (Buy Put):

Entry: On rejection near 55,000-55,500 zone with bearish candles

Target: 53,000 – 52,500

Stop Loss: Above 55,700

---

Current View:

Avoid fresh entry now as price is in between zones

Wait for pullback to 52,500 area or rejection from 55,000-55,500