Banknifty analysis for 24 june 2025

 Let's break down BANKNIFTY bases on oi data:


📊 1️⃣ Chart & RSI


Current Price: ~56034


RSI (1H TF): 53.96 → Neutral, slightly bullish


Price action: After a fall, it is showing a pullback. Now consolidating near 56000.


Volume: Decent increase during up-move candles → Buyers trying to support at lower levels.--


🔎 2️⃣ Option Chain Analysis (26 June Expiry)


Strike Price Call OI Put OI


56000 20.43 L 22.69 L (Highest Put Support)

56100 4.83 L 3.44 L

56500 12.95 L 3.89 L

55600-55900 Moderate Call & Put activity



Max Call OI: 56000 → Resistance


Max Put OI: 56000 → Strong Support


PCR: 0.86 → Mildly Bearish (neutral-to-bearish bias)

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🏦 3️⃣ OI Analytics


PCR Trend: 1.19 → 0.86 (decreasing) → Bearish buildup


OI Change: At 56000 CE there is unwinding (-1.47L) → Short-covering happening.

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🔥 4️⃣ Summary


Parameter Observation


Support zone 55900-56000

Resistance zone 56300-56500

Bias Slightly Bearish (short-term)

RSI Neutral

Volume Mild bullish

Perfect trade Sell on rise around 56300-56400 with SL above 56550 OR wait for a breakout above 56550 for buying

Bullish % ~40%

Bearish % ~60%

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⚔️ Perfect Intraday Trade Setup


If Gap-Up / Price at 56200-56300:


Look for rejection candles → Buy 56000 PE / Sell 56300 CE.


If Gap-Down near 55900:


Wait for bullish reversal → Quick scalping with 56000 CE → Target 56200.


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