Banknifty analysis 7 june 2025

 Based on images and data, here's a comprehensive intraday analysis for Bank Nifty as of June 6, 2025.

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πŸ“Š Current Market Snapshot:


Bank Nifty Spot: 56,578.40 β–² +817.55 (+1.47%)


Momentum (RSI 14): 70.08 β€” Overbought zone


Volume: Spike indicates strength in the breakout.

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πŸ” 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.--


πŸ”Ž Option Chain Analysis (26 June 2025 expiry):


πŸ”Ό Resistance Zones (High Call OI):


Strike Call OI Comment


57000 11.45L Strong resistance

56800 1.22L Moderate resistance

56700 1.29L Light resistance



πŸ”½ Support Zones (High Put OI):


Strike Put OI Comment


56500 7.12L Strong support

56400 1.77L Moderate support

56600 2.08L Immediate support

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🧠 PCR (Put/Call Ratio):


Overall PCR: 0.98 β†’ Neutral to slightly bullish


Rising Put OI at 56500–56600 indicates bullish sentiment for now.

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πŸ” Key Support:


56500 (Strong Put Writing – 7.12L OI)


56400–56600 zone is acting as a base.


🚧 Key Resistance:


57000 (Strongest Call Writing – 11.45L OI)


56700–56800 minor resistance before that.

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πŸ’‘ Perfect Intraday Trade Setup:


Scenario 1: Bullish Intraday Bias (Preferred)


Entry: On dip near 56500–56550


Target: 56800 / 57000


Stoploss: Below 56400


Reason: Strong support at 56500, RSI strength, heavy put writing.


> 🟒 Buy on Dip Strategy is ideal unless price rejects 56500 strongly.

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Scenario 2: Bearish Reversal (If 57000 Holds Firmly)


Entry: Near 56980–57000 zone


Target: 56700 / 56550


Stoploss: Above 57080


Reason: High OI at 57000 could cause intraday reversal.

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πŸ”” Watch for:


Volume confirmation on any breakout/breakdown.


OI changes live – if fresh put unwinding starts below 56500, shift bias quickly.


RSI above 70 β€” aggressive longs only on confirmation of dip-buying.



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