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:
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π 1. SUPPORT & RESISTANCE (based on OI & Price Action)
π 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.
π 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 writingβbuyers showing confidence.
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π 2. PCR (Put-Call Ratio) Analysis
Overall PCR: 0.95 β Slightly bearish sentiment but near neutral.
PCR trend (June 3β9) shows rising PCR till June 9, indicating puts are being added (support is strengthening).
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πΉοΈ 3. Intraday Chart Observations (11 June)
Price rejected from ~57000 zone and moved down to close near 56579.
Large red candle shows seller aggression from higher levels.
RSI ~54.5 (neutral to slightly bullish).
Big volume spike near 55750 support zone but quickly recoveredβshows buyers stepped in.
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β Perfect Intraday Trade Plan (12 June 2025)
π» Bearish Bias Below 56500:
If BANKNIFTY opens flat or slightly negative and breaks 56500 with volume:
Trade: Buy 56400 PE / Sell 56700 CE (Intraday)
Target: 56150β56200
SL: 56680 (above VWAP or resistance on 5-min chart)
πΌ Bullish Bias Above 56700:
If BANKNIFTY breaks above 56700 and sustains for 15 min with volume:
Trade: Buy 56800 CE or Bull Call Spread (56800β57200)
Target: 57000β57100
SL: 56580
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βοΈ Market Sentiment Summary
Short-Term Trend: Range-bound between 56500β57000
Sellers Active at 57000, buyers defending 56500.
Ideal Strategy: Scalp between 56500β57000 till breakout on either side.
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