Banknifty analysis 7 july 2025
Let's break down the Bank Nifty analysis based on the data and charts. 📌 Summary (Bank Nifty @ 57044.80) Trend: Slightly bullish Price Change: +239.95 points (+0.42%) PCR (Put-Call Ratio): Total OI PCR: 0.96 — neutral to bearish Trend over time: Decreasing PCR indicates call writing increasing (bearish sentiment growing) --- 🔍 Key Observations from Charts & OI Data 1. Support and Resistance Levels ➤ Major Support Zones: 57000: Highest put OI (13.12L), strong base 56700: Decent support (Put OI: 1.99L) 56500: Light support, Put OI: 5.71L but not increasing ➤ Major Resistance Zones: 57500: Strong resistance (Call OI: 9.30L) 57200–57400: Layers of call writing here 57000: Also has high call OI (11.09L), indicating straddle buildup --- 2. Change in OI (Sentiment Insight) Call OI Addition: Seen at 57000, 57400, 57500 — resistance being strengthened Put OI Unwinding: Especially at 57200, 57400 — weakening support at higher levels Net Effect: Bearish tone above 57000 --- 3. In...