Banknifty analysis 22 may 2025

 Based on Bank Nifty data (charts, OI analysis, and option chain), here is a detailed intraday trade analysis for 22 May 2025:

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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.

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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)

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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

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5. Intraday Trading Plan (Scalping Bias):


Bullish Scenario (Buy Call)


Entry: Above 55100 with volume surge


Target: 55250–55300 (partial), then 55450–55500


Stop-loss: 54980


Bearish Scenario (Buy Put)


Entry: Below 54850 with strong candle & volume


Target: 54700–54650


Stop-loss: 55080


Final View:


Since the price is consolidating at 55000 with RSI neutral, wait for a breakout/breakdown.


Avoid early trades; best to trade post-9:30 AM if directional move confirms.


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