Banknifty analysis 15 may 2025

 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

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Trade Plan (Scalping/Swing)


Scenario 1: Bullish Intraday/Scalp


Entry: If price sustains above 54,900


Target: 55,200 / 55,500 (partial booking)


SL: Below 54,600


Reason: Strong put writing + recovery in 15m chart



Scenario 2: Bearish Reversal


Entry: Near 55,500–55,700 (if price shows rejection)


Target: 54,800 / 54,600


SL: 55,800



Scenario 3: Breakdown Trade


Entry: If breaks below 54,600 with volume


Target: 54,300 / 54,000


SL: 54,850

---


Ideal Setup for Entry


Wait for break and retest above 54,900 or below 54,600.


Use volume + RSI confirmation for scalping


Avoid trading in the 54,600–54,900 no-trade zone unless clear momentum is visible


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