Banknifty analysis 30 may 2025

 Based on the Bank Nifty chart, OI analytics, and option chain (expiry 26 June 2025), here's a complete analysis to guide your intraday trade:

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📊 Technical Chart Analysis (1H Timeframe)


Price: 55,546

Indicators:


50 EMA (Orange) ≈ 55,300


200 EMA (Purple) ≈ 54,483


RSI (14): 62.82 (bullish but not overbought)


Observations:


Strong green candle breaking recent resistance around 55,300–55,400


Price holding above 50 EMA, heading toward previous highs


RSI shows bullish momentum with room to go higher


Volume on the breakout candle is solid — bullish signal

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🔎 Key Support & Resistance Levels


Support Zones:


1. 55,000 – Strong psychological and technical support



2. 54,483 – 200 EMA support



3. 55,300 – Previous breakout level (now turned support)



Resistance Zones:


1. 55,700–55,800 – Highest call OI buildup


2. 56,000 – Next psychological resistance + high OI


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📈 Open Interest (OI) Analysis


PCR (Put/Call Ratio): 0.97 → Slightly neutral to bullish


Call OI buildup: Highest at 56,000 (17.81L), 55,700, and 55,800


Put OI support: Highest at 55,000 (4.11L), followed by 54,500


Interpretation:


Writers are placing resistance around 56,000 and support at 55,000


With PCR near 1 and call unwinding happening, sentiment is turning bullish intraday

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✅ Ideal Intraday Trade Setup


🔼 Trade Idea: Buy on Dip (Bullish Bias)


Entry: Around 55,300–55,350 (if it retests breakout zone)


Target 1: 55,700


Target 2: 55,900


Stop Loss: Below 55,100 or 54,950



🧠 Alternative: Breakout Trade


If price crosses 55,600 with volume, consider a breakout trade with tight SL

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⚠️ Risk Points / Traps


RSI is nearing 70 — avoid chasing high premiums in options


Wait for consolidation or retest of breakout level before fresh entry


Avoid trading near major news events / RBI policy / US inflation data

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🔁 Suggested Option Strike for Intraday (Aggressive)


If taking an intraday CALL option:


Strike: 55,500 CE or 55,600 CE


Look for quick 20–30 point scalp


Enter on retest or breakout with momentum candle (5-min chart for entry)

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