Banknifty analysis for 26 june 2025(monthly expiry)

 Based on the data (Bank Nifty chart, OI analytics, and option chain for expiry on 26 June 2025), here's the complete intraday analysis:

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🔍 Chart Analysis 


Timeframe: 1-hour chart


Current Price: ~56,591


RSI: Around 60.78 – neutral to slightly bullish


Price Action:


Strong recovery from ~55,600


Facing mild resistance near 56,700 zone


📊 Open Interest (OI) Analysis (Image 2 & 3)


1. Support Levels (based on Put OI buildup):


Strike Price Put OI (Lakh) Indication


56500 15.00 L Strong support

56400 5.66 L Moderate

56600 7.96 L Medium



2. Resistance Levels (based on Call OI buildup):


Strike Price Call OI (Lakh) Indication


56700 7.32 L Immediate resistance

57000 18.36 L Strong resistance

56800 7.00 L Medium



PCR (Put/Call Ratio):


Overall PCR ≈ 0.94 → Slightly Bearish to Neutral bias


Rising Put OI at 56500 and dropping Call OI at 56700 show bullish interest near support.--


🔄 Price + OI Confluence Zones


Strong Support Zone: 56450 – 56550


Strong Resistance Zone: 56700 – 57000


Range for the day: 56450 – 57000


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💡 Intraday Trade Idea


✅ Perfect Trade Setup:


If price opens flat or dips near 56500–56550:


Trade: Buy CE (Call) near 56500 or 56600


Target: 56700 – 56800


SL: 56400 (below Put writers' support zone)



If price opens gap-up near 56700 or higher:


Trade: Sell CE (write call) or buy PE (Put) at 56700–56800


Target: 56500


SL: 57000

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📈 Sentiment Summary


Sentiment Confidence


Bullish 55% (due to RSI, Put OI buildup)

Bearish 45% (due to PCR < 1, heavy Call OI at higher strikes)-


✅ Conclusion


Bias: Mildly bullish as long as 56500 holds


Intraday Strategy: Buy near support or sell near resistance


Watch Zones:


Support: 56500


Resistance: 56700–57000



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