Banknifty analysis 5 june 2025

 Based on the data and charts here’s a concise analysis to help frame a high-probability intraday trade on the 5-minute timeframe for Bank Nifty.


🔍 1. Technical Levels (from Chart)


Current Price: ~55676


Major Support: 55500


Strong buying seen here earlier.


Psychologically significant and confirmed by chart and option data.


Major Resistance: 56000


Multiple rejections.


Strongest call OI zone, indicating bearish pressure.


📊 2. Option Chain Analysis (26 June 2025 expiry)


Key Observations:


56000 CE has the highest Call OI (22.52L) → strong resistance zone.


55500 PE has the highest Put OI (6.66L) → strong support zone.


PCR (Put/Call Ratio) = 0.78 → Slightly bearish sentiment.


Calls are seeing stronger OI vs Puts → Sellers may expect consolidation or downward pressure.

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⏱ 3. OI Analytics


Clear peak in Call OI at 56000 (strong resistance).


Rise in Put OI at 55500 (support holding).

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⚙️ 4. Strategy for Intraday (5-min Chart Based)


📈 Bullish Scenario (Bounce from Support):


Buy CE (Call Option) 55500 or ATM IF price takes support at 55500 with bullish candle and volume spike.


Target: 55800 / 55900


SL: Below 55450 (tight)


Reason: Risk-reward good, supported by technical and OI data.


📉 Bearish Scenario (Rejection from Resistance):


Buy PE (Put Option) 56000 or ATM IF price fails to cross 55800–56000 and forms a bearish engulfing/double top on 5-min.


Target: 55550 / 55450


SL: Above 56050


Reason: 56000 is a solid resistance backed by max OI.

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✅ Perfect Trade Setup (As of Now)


If Bank Nifty comes close to 55900–56000 and shows weakness, best trade would be:


> 🔻 BUY 56000 PE (or 55900 PE)

🎯 Target: 55550

🛑 SL: 56050

🔄 Confirmation: Bearish candle + Volume at resistance.

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