Banknifty analysis for 26 june 2025

 Based on Bank Nifty OI Analytics, Option Chain, and Chart Analysis, here’s a complete breakdown:


🔍 Price Overview


Spot Price: 57,206.70


Change: +585.55 (+1.03%)


RSI: 69.42 → Near Overbought zone.

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🔎 1. Major Support & Resistance (Based on OI Data)


✅ Support Levels (High Put OI)


Strike Put OI Remarks


57000 8.92L Strongest support

57200 99,225 Immediate support

56900 52,360 Weak support, but relevant



❌ Resistance Levels (High Call OI)


Strike Call OI Remarks


57500 3.12L Strongest resistance

57300 39,095 Immediate resistance

57200 1.55L Weak resistance, already tested

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📊 2. OI Analysis & PCR Insights


📈 PCR (Put-Call Ratio)


Current PCR: 1.08 (Healthy bullish sentiment)


Trend: Slight decline over time, showing minor caution but still bullish.


📉 OI Change (Intraday):


Strong Put OI addition at 57000 = Bullish base.


Some Call OI addition at 57500 = Resistance building.


57300 CE (Red line) saw steady OI buildup but didn’t spike much vs price → Weak resistance.

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📌 3. Chart Analysis (1H Chart)


Strong uptrend with higher highs and higher lows.


RSI = 69.42 → Overbought territory. Some cooling may come.


Current price action is consolidating near the 57300 resistance zone.

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🧠 Intraday Trade Idea (27 June)


🎯 Trade Setup: Buy on Dips Near Support


Buy Entry Zone: 57000–57100


Strong Put support at 57000



Target: 57300–57400


Resistance and call buildup zone


Stop Loss: Below 56900



> ⚠️ Avoid fresh long trades above 57300 unless there's a breakout with volume.

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📉 Bearish Possibility (Only if...)


If Bank Nifty breaks below 56900 with volume, downside opens till 56600.


OI unwinding in puts + new call writing would confirm this.

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📊 Bullish vs Bearish Bias (Based on OI Data)


Sentiment % Strength Reason


Bullish 65% ✅ Strong Put writing at 57000 + Higher PCR

Bearish 35% ❌ Moderate resistance at 57300/57500 + Overbought RSI


✅ Conclusion


Bias: Bullish with caution.


Perfect Intraday Plan: Buy near 57000, Target 57300–57400, SL below 56900.


Monitor RSI and 57300 CE buildup – if price moves above with low CE OI increase, breakout likely.



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