Banknifty analysis for 19 june 2025

 Let’s analyze the data and charts you provided for Bank Nifty (current level ~55828) — focusing on intraday support/resistance and trade plan:

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1️⃣ Option Chain (26 June 2025 expiry)

Call OI Buildup (Resistance levels):

56000 CE — 24.10 L OI (very strong resistance)

55900 CE — 3.33 L OI

55800 CE — 4.46 L OI

Put OI Buildup (Support levels):

55500 PE — 9.39 L OI (good support)

55400 PE — 2.22 L OI

PCR (Put Call Ratio) — 0.73 → slightly bearish bias

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2️⃣ OI Change & Trend

OI change on 55900/56000 — increasing Calls (resistance getting stronger)

OI change on 55500/55400 — Puts added (support forming near 55500)

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3️⃣ Price Action (1-hour chart)

Current price: 55828

RSI ~48.41 → neutral zone, no extreme overbought/oversold

Price showing sideways to slight pullback after recent downmove

Range forming between 55500 - 56000

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🔎 Summary of Support/Resistance

Level Strength

56000 Very strong resistance

55900 Minor resistance

55800 Minor resistance

55500 Strong support

55400 Next strong support

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🚀 Perfect Intraday Trade Idea (for tomorrow)

1️⃣ Short near resistance — if price reaches 55900–56000

Entry: 55900–56000 CE levels

Stop-loss: Above 56050

Target: 55600 → 55500

Risk/reward: ~1:2

Why?

Strong CE OI buildup at 56000

PCR < 1

RSI neutral → not oversold

Option sellers defending 56000 level

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2️⃣ Buy near support — if price drops to 55500

Entry: 55500 PE levels

Stop-loss: Below 55400

Target: 55750 → 55850

Risk/reward: ~1:2

Why?

Big PE OI support at 55500

Price has bounced from this area before

OI change shows Put buildup at 55500

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Final Bias:

If opening near 55800–55900 → Short is preferred (sell CE)

If dip to 55500 → Buy is preferred (buy PE or buy futures)

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