Banknifty analysis 20 may 2025

 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 zone)

---


4. Ideal Intraday Trade Setup:


Bias: Mildly Bearish to Range-bound


If price fails to cross 55500 decisively:


Trade: Sell 55500 CE or buy 55300 PE with SL above 55580.


Target: 55250–55150



If price bounces near 55300–55350 zone with strength:


Trade: Buy ATM 55400 CE or 55500 CE for quick scalp.


Target: 55500–55580

---


Scalper's View:


Look for rejection candles or volume spikes near 55500 to take PUT entries.


Look for wick rejections or RSI divergence near 55300–55250 to scalp CALLs.


---


Conclusion:


Support Zone: 55300–55000


Resistance Zone: 55500–55600


High Probability Trade: If price fails at 55500, go short with PUTs; if holds above 55300 with strength, go long.


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