Banknifty analysis for 1 aug 2025
Based on the Open Interest (OI) data, OI change, and price chart for Bank Nifty (spot: 55961.95, expiry: 28 Aug 2025), here's the detailed analysis:--- 📊 1. OI Data Summary (from Option Chain and Charts): 🟩 Put Side (Support Levels): Strike Put OI Change View 56000 7.46L +1.78L Strong support 55900 94.6K +65.6K Medium support 55800 87.9K +54.6K Medium support > 56000 PE has highest OI among puts → strongest support zone 🟥 Call Side (Resistance Levels): Strike Call OI Change View 56000 5.34L +2.46L Strong resistance 55900 73.9K +65.5K Weak resistance 55800 51.1K +34.4K Weak resistance > 56000 CE has highest OI → major resistance zone. --- 📈 2. Chart and Price Action (2h chart) Strong bounce from ~55400 zone Current candle shows consolidation near 55950–56000 Volume spike on bullish candle suggests short covering rally Resistance faced near 56000 psychological and OI level --- 📉 3. PCR (Put-Call Ratio): PCR (Current): 0.90 →...