Banknifty analysis 12 june 2025

 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:

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📍 Key Price Levels


Current Spot Price: 56459.75

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🔐 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.

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🛡️ 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.

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📈 Chart Analysis (TradingView Snapshot)


Trend: Sideways to slightly bearish near end.


RSI: At 46, indicating slight bearish momentum but not oversold.


Volume Spike seen near 55000 zone earlier, suggesting buying interest.


Candle structure: Recent drop from highs shows profit booking.

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🧠 Open Interest Analysis


PCR (Put/Call Ratio): 0.92 → Slightly bearish sentiment.


Total OI: CE OI > PE OI = Slight bias toward selling pressure.


However, PEs have strong base at 56000, so major fall is only likely below that.


✅ Ideal Intraday Scalping Strategy (Short-Term Bias)


Scenario 1: Breakout above 56500


🔹 Buy 56600 or 56700 CE on 5-min breakout above 56500 with volume.


🎯 Target: 80–120 points from breakout.


🛑 SL: Close below 56400.



Scenario 2: Breakdown below 56200–56000


🔹 Buy 56000 or 55900 PE on breakdown candle below 56000 with follow-through.


🎯 Target: 100–150 points.


🛑 SL: Above 56150 zone.



Range-Bound Scalping (If within 56200–56500 range)


🔹 Sell 56500 CE and 56000 PE to scalp theta.


🔹 Or scalp quick reversals between 56400 (minor support) and 56500 (resistance).


🔄 Summary


Type Levels


Resistance 56500 → 56700 → 57000

Support 56400 → 56200 → 56000

Trend Bias Slightly Bearish (PCR < 1, RSI < 50)

Scalp Opportunity Breakout/Bounce plays near key levels or sell OTM premium in range


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