Banknifty analysis for 20 june 2025

 Let's analyze BANKNIFTY data step by step — I will cover major support & resistance, the perfect intraday trade setup, with entry, stop-loss & target based on oi data and chart.

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🔍 Chart + RSI 


BANKNIFTY on 1hr chart — downtrend.


RSI: 35.15 — nearing oversold, but no reversal sign yet.


Price action: consolidation near 55400-55500 after sharp fall.

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🔍 OI Analytics + PCR 


PCR (Put/Call Ratio):


Overall 0.66 → bearish bias.


Call OI > Put OI → more calls written.



OI Buildup:


Big call OI buildup at 55600, 55700, 56000 → resistances.


Small put OI at 55200, 55300 → weak supports.

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🔍 Option Chain (Image 4)


Call writers strong at:


55500 CE (6.6L OI),


55600 CE (3.01L),


56000 CE (25.54L — massive!)



Put writers at:


55500 PE (9.20L OI),


55300 PE (2.54L),


below 55200, very low.


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🚀 Summary: Key Levels


Level Zone Action


55200 Major Support (weak) Watch for breakdown

55300 Support (moderate) Intraday bounce possible

55500-55600 Strong Resistance Major sellers zone

56000 Very Strong Resistance unlikely to break intraday

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📈 Perfect Intraday Trade Plan (Bearish Bias)


Setup: Bearish below 55350 / Small bounce sell-on-rise

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⚡ Trade Idea #1: Sell on breakdown


Entry: below 55350


Stop-Loss: 55550 (above CE writing zone)


Target 1: 55100


Target 2: 55000 (if momentum continues)


⚡ Trade Idea #2: Sell on rise


Entry: if BANKNIFTY rises near 55550-55600 — short near resistance.


Stop-Loss: 55680


Target 1: 55400


Target 2: 55300

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⚠️ Conditions to avoid trade:


1. If RSI moves below 30 → wait for bounce.



2. If PCR improves intraday (>0.80) → avoid shorts.


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