Banknifty analysis 16june 2025

 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)

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💡 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

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📉 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 zone (seen on chart).


Support around 55200 (price bounced from here today).

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📍 4. Levels to Watch


Type Levels


Support 55200 → Strong bounce today<br>Next: 55000 (psychological + round number)

Resistance 55650–55700 zone (chart & OI resistance)<br>Next: 56000 (heavy call OI)

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✅ 5. Perfect Intraday Trade Setup


🔁 Scenario 1: Reversal Trade (if opens near 55200 or dips back)


Bias: Reversal → Oversold RSI + support


Trade: Go long near 55200–55300


Entry: 55250–55300


Target: 55650–55700


Stop Loss: 55100



> Ideal if market opens flat to slightly negative and holds above 55200 in the first 15–30 mins.

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🔻 Scenario 2: Breakdown Trade (if 55200 breaks convincingly)


Bias: Continuation of bearish momentum


Trade: Go short below 55200


Entry: Below 55180 (on breakdown candle)


Target: 54800–54650


Stop Loss: 55350



> Watch for breakdown with strong volume and no signs of reversal.

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🧠 Summary


Setup Direction Entry Stop Loss Target


Reversal Long 55250–55300 55100 55650–55700

Breakdown Short < 55180 55350 54800–54650


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