Banknifty analysis for 12 may 2025

 Here's a detailed analysis of the Bank Nifty :

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1. Chart Analysis (Technical - 1h Timeframe)


Trend: Price is below both 50 EMA  and 200 EMA , indicating a bearish trend.


Resistance:


Immediate: Around 54450–54500 (50 EMA and recent swing high).


Strong: ~55000 (trendline resistance + psychological level).


Support:


Immediate: 53180 (200 EMA on 1H chart).


Strong: ~52200 (marked horizontal support, next demand zone).



RSI: At 28.52 — oversold, but not reversing yet. Could signal a bounce or brief consolidation.


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2. Option Chain Analysis (29 May 2025 Expiry)


Heavy Call Writing: Seen at 54000 and 53500 — indicates resistance.


Put Writing: Maximum at 53000, slight buildup at 53100–53300 — shows base forming around this zone.


PCR: 0.73 — bearish sentiment; more calls than puts open.


3. OI Analytics (PCR Trend)


PCR Decreasing: from ~1.13 to 0.73 over 5 days — consistent bearish sentiment.


Total OI: 2.39 Cr (Call) vs. 1.76 Cr (Put) — again skewed toward bearish positioning.

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Conclusion


Bias: Bearish with signs of temporary support near 53180–53300.


Resistance Zone: 54450–54500.


Support Zone: 53180 (200 EMA), then 52200 (horizontal demand).


Trade Plan (Scalping / Intraday)


No fresh long (call) trade now — trend is weak, RSI is oversold but not confirming reversal.


Put Entry Idea: If price bounces to 54450–54500 and fails to break it, consider Put Entry with target ~53300.


Alternative: Wait for a breakdown below 53180 with volume confirmation to go short.



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