Banknifty analysis 3 june 2025

 Based on Option Chain, OI Analytics, and Chart, here's a detailed intraday analysis for Bank Nifty (as of 2nd June 2025):

---


🔍 Price Action Overview:


Spot Price: 55,903 – trending up (+0.28%)


Chart Resistance: Around 55,900–56,000 zone (price consolidating near this level)


RSI: ~61.37 → bullish momentum, but not yet overbought


EMA: Price is trading above 50 EMA (orange) and 200 EMA (purple) — bullish signal

---


🧲 Option Chain Analysis (26 Jun Expiry)


📌 Support Levels (Put Writers - High OI)


Strike PUT OI Interpretation


56000 16.71L Strongest support zone (highest OI)

55500 6.53L Moderate support

55800 1.96L Weak, shifting upward


> Put writers are active at 56000, showing high confidence market will stay above this.


📌 Resistance Levels (Call Writers - High OI)


Strike CALL OI Interpretation


56000 20.25L Strong resistance (both call & put writers here = tug of war)

56500 4.05L Next strong resistance

55500 4.63L Support turned resistance if price drops below 55500


> Heavy call writing at 56000 confirms a major hurdle ahead for bulls.

---


📊 OI & PCR Insights


PCR (Put/Call Ratio): ~1.0 to 1.35 → mildly bullish to neutral


Rising Put OI on 56000 and a stable PCR suggests:


Short-term bullishness, but cautiousness near 56000

---


🧭 Intraday Strategy (3rd June 2025)


⚠️ Key Levels:


Support Zone: 55,500 – 55,600


Resistance Zone: 56,000 – 56,200


🔹 If Market Opens Flat or Slightly Up:


Watch price reaction at 56,000


Short near 56,000 with SL above 56,200, target 55,600 (scalp put)


Ideal Option: 56000 CE Sell or ATM/ITM Put Buy


🔹 If Market Opens Gap Down (~55,500 area):


Look for reversal signals (bullish candles on 5min/15min)


Buy on dips near 55,500–55,600, target retest of 55,900–56,000


Ideal Option: Buy 55500 CE or 56000 PE Sell if reversal confirmed


🔹 If Market Breaks and Sustains Above 56,000 with Volume:


Go long only after 15-min closing above 56,050


Target: 56,300–56,500


Ideal Option: 56000 CE Buy or 55500 CE ITM for safer play

---


🔥 Best Trade Setup (High Conviction Intraday)


> If price opens near 56,000 and fails to sustain above:

Trade: Sell 56000 CE (Call writing) or Buy 56000 PE


Stoploss: 56,150 spot


Target: 55,600–55,700

---


Comments

Post a Comment

Popular posts from this blog

Banknifty analysis 7 june 2025

 Based on images and data, here's a comprehensive intraday analysis for Bank Nifty as of June 6, 2025. --- 📊 Current Market Snapshot: Bank Nifty Spot: 56,578.40 ▲ +817.55 (+1.47%) Momentum (RSI 14): 70.08 — Overbought zone Volume: Spike indicates strength in the breakout. --- 🔍 Technical Chart Analysis: Strong bullish candle with high volume shows a decisive breakout. RSI is at 70+, indicating strong momentum, but also potential short-term exhaustion. Consolidation above 56,200–56,300 previously, now acting as support.-- 🔎 Option Chain Analysis (26 June 2025 expiry): 🔼 Resistance Zones (High Call OI): Strike Call OI Comment 57000 11.45L Strong resistance 56800 1.22L Moderate resistance 56700 1.29L Light resistance 🔽 Support Zones (High Put OI): Strike Put OI Comment 56500 7.12L Strong support 56400 1.77L Moderate support 56600 2.08L Immediate support --- 🧠 PCR (Put/Call Ratio): Overall PCR: 0.98 → Neutral to slightly bullish Rising Put OI at 56...
Read more

Banknifty analysis for 11 June 2025

Based on (Option Chain, OI Analytics, and Intraday Chart for BANKNIFTY as of 11 June 2025), here's a detailed analysis of support, resistance, and a suggested intraday trade plan: --- 🔍 1. SUPPORT & RESISTANCE (based on OI & Price Action) 📉 Resistance Zones 57000:         Highest Call OI at 13.7L. Significant drop in Call prices across strikes (e.g., 57200 CE down -29.82%). Indicates strong resistance as writers are active. 56800 - 57000: Cluster of high Call OI; option writers expect price to stay below this. 📈 Support Zones   56500: Highest Put OI at 7.81L with a massive change of +76020 contracts. Strongest support zone. 56400 - 56600: Strong base of Put writing—buyers showing confidence. --- 📊 2. PCR (Put-Call Ratio) Analysis Overall PCR: 0.95 – Slightly bearish sentiment but near neutral. PCR trend (June 3–9) shows rising PCR till June 9, indicating puts are being added (support is strengthening). --- 🕹️ 3. Intraday Chart Observations (11 ...
Read more

Banknifty analysis for 5 may 2025

 Based on data for Bank Nifty (as of May 2, 2025), here’s a breakdown of key support and resistance levels, followed by the ideal trade setup: --- Chart Analysis : Current Price: 55115.35 RSI: 67.16 (bullish but nearing overbought zone) EMA Support Levels: 50 EMA: 51865 200 EMA: 50581 Structure Observation: Price is in a strong uptrend and respecting moving averages. Immediate consolidation is happening between 55000 and 55600 zones. Strong rejection from highs (long wicks visible) — signs of possible short-term resistance. --- Option Chain Analysis – Monthly Expiry (May 29) Major Resistance Zone 55600 & 55700 strikes have high Call OI: 55600 CE: 1.71L 55700 CE: 1.65L LTPs are declining, showing call writers are defending those levels. Major Support Zone 55000 PE OI: 9.53L (highest Put OI) Followed by 54700-54900 zone with decent Put writing. PCR = 0.9 → Slightly bearish to neutral. --- Open Interest Analytics  Max Call OI: 55000–55600 Max Put OI: 55000 (Strong base) Total...
Read more