Banknifty analysis 13 june 2025

 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 support + Put writing)

55700–55800 (minor intraday support)

🔺 Resistance Zones:

56500–56600 (Major resistance due to highest call OI)

56200–56300 (intermediate resistance levels)

---

🎯 Perfect Intraday Trade Plan (13th June):

✅ Bias: Bearish-to-Rangebound

But RSI suggests caution — bounce possible.

🔽 Trade Setup #1: Sell on Pullback (Safe Setup)

Sell near: 56200–56300

Target: 55900 / 55700

SL: 56420 (tight SL)

> Ideal instrument: 56300 CE or ATM Puts (56000 PE) on bounce.

🔼 Trade Setup #2: Aggressive Buy for Reversal (Riskier)

Buy near: 55800–56000 support zone

Target: 56200 / 56400

SL: 55700

> Use only if RSI gives bullish divergence with price near support.

---

📌 Summary:

Element Level/Observation

Major Support 56000, then 55700

Major Resistance 56500–56600

Bias Bearish-to-Neutral

PCR 0.79 (bearish sentiment)

RSI 31.92 (oversold territory)

Best Setup Sell near 56200–56300, SL 56420, TGT 55900–55700

---