Banknifty analysis for 18 june 2025

 Let’s analyze Bank Nifty intraday trade setup based on data and chart:


1️⃣ OI Data & PCR Analysis


PCR (Put/Call Ratio)


Current PCR: 0.69 → indicates slightly bearish sentiment (PCR < 1 usually signals weakness).



OI Build-Up (for 26 June expiry):


Major Resistance:


56000 CE: 24.74L OI → Strongest call writer presence


55800 CE: 4.32L OI



Major Support:


55500 PE: 9.01L OI → Strongest put support


55300 PE: 2.23L OI


OI Change:


Heavy call writing seen at 56000 CE and 55800 CE


Put unwinding seen around 55500 PE and lower → Weakening support

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2️⃣ Price Action & Chart


Current Price: 55678

1H Chart:


Trend is weak, intraday lower highs & lower lows.


RSI near 39 (bearish zone but not oversold).


Intraday bounce was rejected near 55800-55900 → clear supply zone.


Demand is seen only around 55500 zone where RSI could bounce.

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3️⃣ Combined View: Major Levels


Level Zone Reason


Resistance 56000 Strong OI at CE (24.74L)

Resistance 55800-55900 Call writing + intraday rejection

Support 55500 PE OI highest + price paused here

Support 55300 Next major PE interest

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4️⃣ Perfect Intraday Trade Plan


Bias: Mildly Bearish (until 56000 is broken on closing basis)

Current Scenario: In a pullback, sellers active around 55800-55900


Trade Setup (for scalping or intraday swing):



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➤ Option 1: Sell on rise (Ideal trade)


Type Details


Entry Around 55800-55850 CE strike or spot price

Stop Loss Above 56000 (spot closing 15-min candle)

Target 55550 / 55500 zone first target; trail if breaks below

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➤ Option 2: If breaks below 55500 cleanly


Type Details


Entry Below 55480 spot (breakdown trade)

Stop Loss 55620 spot

Target 55200 zone (next support ~ 55300-55200)

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Conclusion:


Best risk-reward: Sell on rise near 55800 zone


Current market still under pressure; bounce likely to face selling.


PCR & OI structure still favoring bears below 56000.

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