Banknifty analysis

 Here’s a refined breakdown of the situation and a potential intraday plan. --- 🚧 Key Support & Resistance Levels (July 1 intraday) Support Zones: 57,200 – recent bounce zone (low of last swing). 57,300 – psychological / minor pullback area. Intraday option chain shows strong Put OI at 57,300 (~1.8 L) and 57,400 puts (~1.48 L), reinforcing support ~57,300–57,400. Resistance Zones: 57,400–57,500 – call OI peaks (~1.94 L at 57,400 CE, 6.57 L at 57,500 CE). The 57,400 strike is also where open interest growth spiked, indicating supply. --- 📊 What Charts & OI Tell Us 1. Price action shows a bounce from mid-57k to high-57.3k, then a dip toward 57.2k—holding above 57.3k remains key. 2. Options Open Interest (OI): Call OI > Put OI overall (≈1.21 Cr vs 1.24 Cr) with PCR slightly above 1 ~1.02: mildly bullish sentiment in options space. 3. OI Change Chart shows rising call additions at 57,400–57,500 and put support accumulation at 57,300–57,400—further suggesting a trading rang...

 Here’s a detailed breakdown based on charts and available market intel: 🧭 Key Support & Resistance Levels Option Chain & OI Observations Resistance: Heavy Call and Put OI build-up around 57,500–57,600 suggests strong interest here—this is a likely short-term ceiling. Support: Similarly, notable Put OI around 57,000 and some at 56,000 indicates a demand zone where the market might find a floor. Pivot & Technical Levels Pivot calculated ~57,090. Intraday resistance zones: ~57,455 (R1) and ~57,714 (R2) per pivot analysis. Supports: around 56,891 (S1), then 56,526 (S2) — if breached, next near 56,327 (S3). --- 📈 Intraday Trade Setup Perfect Intraday Play (given current structure near 57,444): Bullish Scenario ◦ Entry: Buy around 57,450–57,500 breakout with confirmation (15m close above). ◦ Targets: First target 57,600–57,650, then stretch to 57,750 if momentum holds. ◦ Stop Loss: Just below pivot (~57,300). Bearish Scenario ◦ Entry: Short if it fails near 57,600–57,650 a...

 Based on Bank Nifty OI Analytics, Option Chain, and Chart Analysis, here’s a complete breakdown: 🔍 Price Overview Spot Price: 57,206.70 Change: +585.55 (+1.03%) RSI: 69.42 → Near Overbought zone. --- 🔎 1. Major Support & Resistance (Based on OI Data) ✅ Support Levels (High Put OI) Strike Put OI Remarks 57000 8.92L Strongest support 57200 99,225 Immediate support 56900 52,360 Weak support, but relevant ❌ Resistance Levels (High Call OI) Strike Call OI Remarks 57500 3.12L Strongest resistance 57300 39,095 Immediate resistance 57200 1.55L Weak resistance, already tested --- 📊 2. OI Analysis & PCR Insights 📈 PCR (Put-Call Ratio) Current PCR: 1.08 (Healthy bullish sentiment) Trend: Slight decline over time, showing minor caution but still bullish. 📉 OI Change (Intraday): Strong Put OI addition at 57000 = Bullish base. Some Call OI addition at 57500 = Resistance building. 57300 CE (Red line) saw steady OI buildup but didn’t spike much vs pric...

 Based on the data (Bank Nifty chart, OI analytics, and option chain for expiry on 26 June 2025), here's the complete intraday analysis: --- 🔍 Chart Analysis  Timeframe: 1-hour chart Current Price: ~56,591 RSI: Around 60.78 – neutral to slightly bullish Price Action: Strong recovery from ~55,600 Facing mild resistance near 56,700 zone 📊 Open Interest (OI) Analysis (Image 2 & 3) 1. Support Levels (based on Put OI buildup): Strike Price Put OI (Lakh) Indication 56500 15.00 L Strong support 56400 5.66 L Moderate 56600 7.96 L Medium 2. Resistance Levels (based on Call OI buildup): Strike Price Call OI (Lakh) Indication 56700 7.32 L Immediate resistance 57000 18.36 L Strong resistance 56800 7.00 L Medium PCR (Put/Call Ratio): Overall PCR ≈ 0.94 → Slightly Bearish to Neutral bias Rising Put OI at 56500 and dropping Call OI at 56700 show bullish interest near support.-- 🔄 Price + OI Confluence Zones Strong Support Zone: 56450 – 56550 Strong Resi...

 Based on  the Bank Nifty data for expiry on 26 June 2025, here’s a complete technical and derivative-based analysis: 📊 Technical Chart Analysis (1H Timeframe) Current Price: ~56,470 Recent High/Low: 56,506 / 56,440 Chart Pattern: Bank Nifty has bounced from a recent dip around 55,070 (shown on chart). Higher lows are forming – short-term bullish structure. Rejection near 56,800 previously – a possible resistance zone. 🔍 Open Interest (OI) & Option Chain Analysis 🔸 PCR (Put Call Ratio) Current PCR = 0.86 Below 1 = mildly bearish, but very close to 1, indicating a neutral to slightly bearish tone. 20 June had PCR >1.1 – bulls had stronger grip earlier. 🔸 Support Zones (Based on Put OI) Strike Put OI Observation 56000 19.03 L Strongest support. Max OI buildup. 56500 9.41 L Moderate support (but also has highest Call OI) 56200 4.09 L Emerging minor support 🟢 Major Support Zone: 56000 🔸 Put writers will defend this level aggressively. 🔸 Resistance Zon...

 Let's break down BANKNIFTY bases on oi data: 📊 1️⃣ Chart & RSI Current Price: ~56034 RSI (1H TF): 53.96 → Neutral, slightly bullish Price action: After a fall, it is showing a pullback. Now consolidating near 56000. Volume: Decent increase during up-move candles → Buyers trying to support at lower levels.-- 🔎 2️⃣ Option Chain Analysis (26 June Expiry) Strike Price Call OI Put OI 56000 20.43 L 22.69 L (Highest Put Support) 56100 4.83 L 3.44 L 56500 12.95 L 3.89 L 55600-55900 Moderate Call & Put activity Max Call OI: 56000 → Resistance Max Put OI: 56000 → Strong Support PCR: 0.86 → Mildly Bearish (neutral-to-bearish bias) --- 🏦 3️⃣ OI Analytics PCR Trend: 1.19 → 0.86 (decreasing) → Bearish buildup OI Change: At 56000 CE there is unwinding (-1.47L) → Short-covering happening. --- 🔥 4️⃣ Summary Parameter Observation Support zone 55900-56000 Resistance zone 56300-56500 Bias Slightly Bearish (short-term) RSI Neutral Volume Mild bullish Perfect...

 Let's analyze  BANKNIFTY data based onpen interest and chart step-by-step:- 📊 1. Option Chain Insights (Exp: 26 June 2025) Current Spot: 56252.85 (+1.22%) Resistance Levels (based on Call OI): Strike Call OI Notes 56000 22.11L Highest OI - Strong Resistance 56500 13.53L Resistance 56600 3.31L Minor Resistance Support Levels (based on Put OI): Strike Put OI Notes 56000 23.29L Strong Support (almost same level as call side) 55800 5.82L Minor Support 56200 3.74L Moderate Support PCR (Put/Call Ratio): 0.87 → Indicates slightly bearish bias (below 1) --- 📈 2. OI Change Analytics Put OI rising at 56000 → Bulls trying to defend this level. Call unwinding at 56000 → Short covering may help upside. Decrease in overall Call OI from 55800 to 56300 range. --- 📉 3. Price Action Current: 55694.70 (from TradingView 1H chart) → Trying to reclaim 56216.50 (last candle). RSI: 64.69 (neutral to bullish zone). Price is rebounding from 55200–55500 zone with mome...

 Let's analyze BANKNIFTY data step by step — I will cover major support & resistance, the perfect intraday trade setup, with entry, stop-loss & target based on oi data and chart. --- 🔍 Chart + RSI  BANKNIFTY on 1hr chart — downtrend. RSI: 35.15 — nearing oversold, but no reversal sign yet. Price action: consolidation near 55400-55500 after sharp fall. --- 🔍 OI Analytics + PCR  PCR (Put/Call Ratio): Overall 0.66 → bearish bias. Call OI > Put OI → more calls written. OI Buildup: Big call OI buildup at 55600, 55700, 56000 → resistances. Small put OI at 55200, 55300 → weak supports. --- 🔍 Option Chain (Image 4) Call writers strong at: 55500 CE (6.6L OI), 55600 CE (3.01L), 56000 CE (25.54L — massive!) Put writers at: 55500 PE (9.20L OI), 55300 PE (2.54L), below 55200, very low. --- 🚀 Summary: Key Levels Level Zone Action 55200 Major Support (weak) Watch for breakdown 55300 Support (moderate) Intraday bounce possible 55500-55600 Strong Resistance ...

 Let’s analyze the data and charts you provided for Bank Nifty (current level ~55828) — focusing on intraday support/resistance and trade plan: --- 1️⃣ Option Chain (26 June 2025 expiry) Call OI Buildup (Resistance levels): 56000 CE — 24.10 L OI (very strong resistance) 55900 CE — 3.33 L OI 55800 CE — 4.46 L OI Put OI Buildup (Support levels): 55500 PE — 9.39 L OI (good support) 55400 PE — 2.22 L OI PCR (Put Call Ratio) — 0.73 → slightly bearish bias --- 2️⃣ OI Change & Trend OI change on 55900/56000 — increasing Calls (resistance getting stronger) OI change on 55500/55400 — Puts added (support forming near 55500) --- 3️⃣ Price Action (1-hour chart) Current price: 55828 RSI ~48.41 → neutral zone, no extreme overbought/oversold Price showing sideways to slight pullback after recent downmove Range forming between 55500 - 56000 --- 🔎 Summary of Support/Resistance Level Strength 56000 Very strong resistance 55900 Minor resistance 55800 Minor resistance 55500 Strong suppo...

 Let’s analyze Bank Nifty intraday trade setup based on data and chart: 1️⃣ OI Data & PCR Analysis PCR (Put/Call Ratio) Current PCR: 0.69 → indicates slightly bearish sentiment (PCR < 1 usually signals weakness). OI Build-Up (for 26 June expiry): Major Resistance: 56000 CE: 24.74L OI → Strongest call writer presence 55800 CE: 4.32L OI Major Support: 55500 PE: 9.01L OI → Strongest put support 55300 PE: 2.23L OI OI Change: Heavy call writing seen at 56000 CE and 55800 CE Put unwinding seen around 55500 PE and lower → Weakening support --- 2️⃣ Price Action & Chart Current Price: 55678 1H Chart: Trend is weak, intraday lower highs & lower lows. RSI near 39 (bearish zone but not oversold). Intraday bounce was rejected near 55800-55900 → clear supply zone. Demand is seen only around 55500 zone where RSI could bounce. --- 3️⃣ Combined View: Major Levels Level Zone Reason Resistance 56000 Strong OI at CE (24.74L) Resistance 55800-55900 Call writing + intraday rej...

 Based on the Bank Nifty data, chart, and option chain analysis for 26 June 2025 expiry, here’s a detailed intraday analysis. --- ✅ Market Overview: Spot Price: 55,944.90 ▲ +417.55 (0.75%) Trend (1H chart): Recovery from day low with strong bullish candle. RSI (14): 50.95 — Neutral zone, turning upwards from oversold. --- 🧠 Option Chain Insights (26 June 2025): Call Side (Resistance): 56000 CE: OI: 21.20 L LTP: ₹643.80 Strongest resistance; big OI buildup. 55900–56100 CE: High OI buildup across strikes. Put Side (Support): 55500 PE: OI: 10.20 L Decent support, but not very strong. 56000 PE: OI: 19.92 L Strongest put support (indicates possible expiry magnet). 🔁 Put-Call Ratio (PCR): PCR: 0.75 → Slightly bearish undertone, but recovering.- 📊 Chart Analysis: Key Levels: Immediate Resistance: 56000 (Strong OI resistance + round number + price supply zone) Immediate Support: 55500 (Put writing + bounce zone) Major Support: 55200–55300 zone (last big dip + volume spike) Trend: After ...

 Based on Bank Nifty data (option chain, OI analytics, and chart), here’s a complete analysis to help you plan a strong intraday trade: 🔍 1. Market Overview Spot Price: 55,527.35 (down 555 pts, i.e. -0.99%) Trend: Clearly bearish in short-term. RSI: 29.10 → Oversold zone (potential for pullback or short-covering) --- 💡 2. Option Chain Insights (26 June 2025 Expiry) 🔴 Call Side (Resistance Zones): Major OI @ 56000 CE → 21.13 Lakh OI 55500 CE also has significant OI → 6.35 Lakh All call premiums are heavily down (-35% to -43%) = Suggests aggressive writing, bearish sentiment. 🟢 Put Side (Support Zones): Highest OI at 56000 PE = 17.97 Lakh, but OI decreased by -2.19L → Weakening put support. Good support at 55500 PE → 7.61 Lakh OI PCR (Put/Call Ratio): 0.68 = Bearish tone --- 📉 3. Chart Analysis (Technical View) Price has bounced slightly from ~55200, after sharp selloff. RSI = 29.10 = Deeply oversold → possible intraday bounce or short-covering rally. Resistance near 55650–55700...

 Here’s a detailed intraday analysis of Bank Nifty based on the charts and option chain data provided --- 📊 Bank Nifty Overview (as of now): Spot Price: 56082.55 (down 377.20 pts / -0.67%) 1-Hour Chart Trend: Weakness visible; prices have fallen from intraday highs (~57200) to ~56000. RSI: 31.92 – Near oversold zone, indicating some intraday bounce may happen but trend is still weak. 🔍 Option Chain Analysis (26 June 2025 expiry): Key Observations: ✅ Heavy Put Writing at 56000 OI: 20.91L – strongest among puts. This acts as immediate support. ✅ Highest Call OI at 56500 (6.81L) and 56600 (3.17L) Strong resistance zones. 🟥 Call LTPs have dropped sharply (25–31%) Indicates sellers dominating on the call side. 🟩 Put LTPs have surged (up 33–40%) Indicates fresh put buying (bearish sentiment). Put-Call Ratio (PCR): Overall PCR: 0.79 – moderately bearish. Falling trend in PCR seen over last few days → bearish sentiment building. --- 🧭 Key Levels: 🔻 Support Zones: 56000 (Strongest OI ...

 Based on the Bank Nifty data from the option chain, OI analysis, and chart, here's a consolidated analysis for intraday scalping trades, along with key support and resistance levels: --- 📍 Key Price Levels Current Spot Price: 56459.75 --- 🔐 Major Resistance Levels (based on Call OI and Chart) Strike Call OI Reason 56500 6.89L Strongest near-term resistance (Highest CE OI) 57000 14.55L Psychological round number resistance 56700 3.36L Moderate OI, intermediate barrier ➡️ Conclusion: 56500–56700 zone is a strong resistance. Heavy unwinding above 56500 would be bullish. --- 🛡️ Major Support Levels (based on Put OI and Chart) Strike Put OI Reason 56000 21.16L Strongest support (Highest PE OI) 56400 2.46L Immediate support (moderate buildup) 56200 1.55L Additional layer of support ➡️ Conclusion: 56000 is solid support, breaching this could lead to a sharp drop. --- 📈 Chart Analysis (TradingView Snapshot) Trend: Sideways to slightly bearish near end. ...

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 ...

 Based on the OI data, option chain, and chart for Bank Nifty (as of June 10, 2025), here's a detailed intraday analysis: --- 🔍 1. Technical Chart Analysis (Chart BankNifty 1h): Price: ₹56,839.60 RSI (14): 69.60 → Close to overbought zone (>70) Recent Price Action: Sharp rally from around 55,300 to 56,800+ with strong volume, but now consolidating near the top. Price Rejection: Seen slight pullback from intraday high (~56,857), indicating some resistance. --- 📊 2. Open Interest & PCR Analysis: From OI Chart: PCR (Put/Call Ratio): Increasing, currently ~1.34 (bullish sentiment for now). Total OI: Call - 1.89 Cr, Put - 1.90 Cr (Balanced but slightly put-heavy). Key OI Levels: Support (Put Writing): 56500 – 7.10L OI (Strongest support for now) 56400 – 2.01L OI Resistance (Call Writing): 57000 – 12.14L OI (Very strong resistance) 56900 – 2.53L OI --- 🧠 3. Option Chain Insights (26 Jun Expiry): Max Call OI: At 57000 (strong resistance) Max Put OI: At 56500 (strong support) OI ...

 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...

 Based on option chain, OI analytics, and technical chart of BANKNIFTY (as of June 5, 2025), here's a detailed analysis to determine major support/resistance and the ideal intraday trade setup: --- 🔍 Key Observations 📊 Technical Chart Analysis: Price: Trading at 55809.75 Resistance Zone: 56000 (identified both technically and from OI data) Support Zone: 55500 (clear bounce zone with high volume) RSI: Around 55.76, neutral zone (neither overbought nor oversold) --- 🔐 Option Chain Insights (26 June 2025 expiry): 🔻 CALL Side (Resistance Levels): 56000 CE: 22.85L OI, high buildup, strong resistance 55900 CE: 2.43L OI 55800 CE: 3.11L OI 🔺 PUT Side (Support Levels): 55500 PE: 6.83L OI (strongest support) 55700 PE: 2.33L OI 55600 PE: 2.08L OI --- 📉 OI and PCR (Put-Call Ratio) Analysis: Overall PCR = 0.79: Indicates bearish bias OI Trend: More buildup in CALLs than PUTs, confirming resistance at higher levels --- 🧭 Conclusion: Key Levels 🔼 Resistance (strongest): 56000 🔽 Support (...

 Based on the data and charts here’s a concise analysis to help frame a high-probability intraday trade on the 5-minute timeframe for Bank Nifty. 🔍 1. Technical Levels (from Chart) Current Price: ~55676 Major Support: 55500 Strong buying seen here earlier. Psychologically significant and confirmed by chart and option data. Major Resistance: 56000 Multiple rejections. Strongest call OI zone, indicating bearish pressure. 📊 2. Option Chain Analysis (26 June 2025 expiry) Key Observations: 56000 CE has the highest Call OI (22.52L) → strong resistance zone. 55500 PE has the highest Put OI (6.66L) → strong support zone. PCR (Put/Call Ratio) = 0.78 → Slightly bearish sentiment. Calls are seeing stronger OI vs Puts → Sellers may expect consolidation or downward pressure. --- ⏱ 3. OI Analytics Clear peak in Call OI at 56000 (strong resistance). Rise in Put OI at 55500 (support holding). --- ⚙️ 4. Strategy for Intraday (5-min Chart Based) 📈 Bullish Scenario (Bounce from Support): Buy CE (C...

 Based on the option chain, open interest analytics, and price action chart, here is a detailed intraday analysis for Bank Nifty (as of 3rd June 2025): 🔍 Major Levels (Support & Resistance) 📉 Support Levels:          55,500:Marked as major support on the chart.          Put OI at 55,500 is 5.47L (strong base).  Price bounced from this level before.              55,300 – 55,400 zone: Increasing Put OI. LTPs of PUTs rising = buyers stepping in = confidence in support. 📈 Resistance Levels: 56,000: Massive Call OI (22.24L) – strong resistance. Clearly shown as major resistance on your chart. 55,700 – 55,800: High call writing, e.g., 2.60L OI at 55800, 1.88L at 55700. --- 📊 OI Data & PCR Analysis: PCR (Put/Call Ratio) = 0.83, which indicates: More Call writing than Put writing → bearish to neutral sentiment. Change in OI: Huge Call buildup at 56000. Put unwinding seen at 55600 and below...

 Based on Option Chain, OI Analytics, and Chart, here's a detailed intraday analysis for Bank Nifty (as of 2nd June 2025): --- 🔍 Price Action Overview: Spot Price: 55,903 – trending up (+0.28%) Chart Resistance: Around 55,900–56,000 zone (price consolidating near this level) RSI: ~61.37 → bullish momentum, but not yet overbought EMA: Price is trading above 50 EMA (orange) and 200 EMA (purple) — bullish signal --- 🧲 Option Chain Analysis (26 Jun Expiry) 📌 Support Levels (Put Writers - High OI) Strike PUT OI Interpretation 56000 16.71L Strongest support zone (highest OI) 55500 6.53L Moderate support 55800 1.96L Weak, shifting upward > Put writers are active at 56000, showing high confidence market will stay above this. 📌 Resistance Levels (Call Writers - High OI) Strike CALL OI Interpretation 56000 20.25L Strong resistance (both call & put writers here = tug of war) 56500 4.05L Next strong resistance 55500 4.63L Support turned resistance if ...