Banknifty analysis 17 june 2025

 Based on the Bank Nifty data, chart, and option chain analysis for 26 June 2025 expiry, here’s a detailed intraday analysis.

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✅ 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.

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🧠 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 a pullback, prices are retracing upward. If it sustains above 56000, fresh longs could trigger.


🎯 Perfect Intraday Trade Plan (Bullish Bias):


🔼 Setup: Breakout Above Resistance


Entry: Buy Bank Nifty above 56020 (after 15-min closing confirmation above 56000)


Stoploss: 55850 (below breakout zone)


Target 1: 56200


Target 2: 56350



👉 For Options:


Buy 56100 CE near ₹590–₹610 range if price sustains above 56000


SL: ₹500


Target: ₹700–₹780

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⛔ Alternate Bearish Setup (if resistance holds):


Entry: Sell Bank Nifty near 55980–56000 rejection


Stoploss: 56080


Target 1: 55700


Target 2: 55550



👉 For Options:


Buy 55800 PE near ₹400


SL: ₹320


Target: ₹550–₹600

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✅ Conclusion:


Most Probable Move: Upside breakout if 56000 is crossed with volume and sustains — supported by recovery structure and short covering in puts.




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