Banknifty analysis 24 July 2025

 Based on  charts, OI data, option chain, and BankNifty price action, here's a complete intraday analysis for BankNifty (as of 22 July 2025):--


🔍 Market Overview:


Spot Price: 56,756 (down 196.75 points or -0.35%)


PCR (Put/Call Ratio):


Overall: 0.74 → Bearish bias


Falling trend in PCR seen from 15 to 21 July → Indicates increasing call writing and bearish sentiment.



Chart Pattern (2H chart): Breakdown with a lower high and lower low pattern. Last candle shows rejection from resistance near 57,250.--


📊 Open Interest (OI) Analysis (Expiry: 31 July 2025)


🔺 Call OI Buildup (Resistance):


57000 – 20.07L OI (Significant resistance, strong call writers)


56800 – 4.64L OI


56900 – 4.82L OI


57200 – 7.76L OI



🔻 Put OI Buildup (Support):


56500 – 8.05L OI (Major support)


56700 – 2.86L OI


56300 – 2.91L OI



📈 OI Change Highlights:


Heavy call writing at 57000 & 57200 → Strong resistance


Put unwinding seen below 56700 → Support weakness

---


🔮 Support and Resistance Levels


Type Level Reason


Resistance 1 57000 Highest CE OI + aggressive call writing (17% OI change)

Resistance 2 56800 Strong CE OI (4.64L) + 56800CE OI rising intraday

Support 1 56500 Highest PE OI (8.05L) + 13.5% OI buildup → important support

Support 2 56300 Some PE buildup visible + price has bounced earlier from this zone--


🔄 Multi Strike OI & Price Action Insight


BankNifty falling while 56800CE OI is rising → Sign of smart money betting on further downside


Chart shows lower high formation, bearish structure, rejection from 57250---


✅ Perfect Intraday Trade Plan (with Minimal Stop Loss)


🔻 Bearish Bias (preferred trade):


🔽 Sell on Rejection near 56800–56900 Zone


Entry: Around 56800–56850 (if price faces resistance there)


Stop Loss: 56920 (just above intraday resistance)


Target 1: 56600 (near support)


Target 2: 56500 (strongest put base)



👉 Ideal Risk:Reward = 1:2+--


🔼 Alternative Long Trade (Only if Strong Reversal):


🔼 Buy Above 57000 (only if it breaks and sustains with volume)


Entry: Above 57020


SL: 56900


Target: 57200


⚠️ Less preferred since resistance is strong at 57000, and PCR is bearish.--


🧠 Final View:


Market structure + OI + PCR = Bearish


Strong resistance zone: 56800–57000


Ideal trade: Sell on rise near 56800 with SL ~120 pts, target 150–200 pts

---


Thanks 

Comments

Post a Comment

Popular posts from this blog

Banknifty analysis 7 june 2025

 Based on images and data, here's a comprehensive intraday analysis for Bank Nifty as of June 6, 2025. --- 📊 Current Market Snapshot: Bank Nifty Spot: 56,578.40 ▲ +817.55 (+1.47%) Momentum (RSI 14): 70.08 — Overbought zone Volume: Spike indicates strength in the breakout. --- 🔍 Technical Chart Analysis: Strong bullish candle with high volume shows a decisive breakout. RSI is at 70+, indicating strong momentum, but also potential short-term exhaustion. Consolidation above 56,200–56,300 previously, now acting as support.-- 🔎 Option Chain Analysis (26 June 2025 expiry): 🔼 Resistance Zones (High Call OI): Strike Call OI Comment 57000 11.45L Strong resistance 56800 1.22L Moderate resistance 56700 1.29L Light resistance 🔽 Support Zones (High Put OI): Strike Put OI Comment 56500 7.12L Strong support 56400 1.77L Moderate support 56600 2.08L Immediate support --- 🧠 PCR (Put/Call Ratio): Overall PCR: 0.98 → Neutral to slightly bullish Rising Put OI at 56...
Read more

Banknifty analysis for 11 June 2025

Based on (Option Chain, OI Analytics, and Intraday Chart for BANKNIFTY as of 11 June 2025), here's a detailed analysis of support, resistance, and a suggested intraday trade plan: --- 🔍 1. SUPPORT & RESISTANCE (based on OI & Price Action) 📉 Resistance Zones 57000:         Highest Call OI at 13.7L. Significant drop in Call prices across strikes (e.g., 57200 CE down -29.82%). Indicates strong resistance as writers are active. 56800 - 57000: Cluster of high Call OI; option writers expect price to stay below this. 📈 Support Zones   56500: Highest Put OI at 7.81L with a massive change of +76020 contracts. Strongest support zone. 56400 - 56600: Strong base of Put writing—buyers showing confidence. --- 📊 2. PCR (Put-Call Ratio) Analysis Overall PCR: 0.95 – Slightly bearish sentiment but near neutral. PCR trend (June 3–9) shows rising PCR till June 9, indicating puts are being added (support is strengthening). --- 🕹️ 3. Intraday Chart Observations (11 ...
Read more

Banknifty analysis for 5 may 2025

 Based on data for Bank Nifty (as of May 2, 2025), here’s a breakdown of key support and resistance levels, followed by the ideal trade setup: --- Chart Analysis : Current Price: 55115.35 RSI: 67.16 (bullish but nearing overbought zone) EMA Support Levels: 50 EMA: 51865 200 EMA: 50581 Structure Observation: Price is in a strong uptrend and respecting moving averages. Immediate consolidation is happening between 55000 and 55600 zones. Strong rejection from highs (long wicks visible) — signs of possible short-term resistance. --- Option Chain Analysis – Monthly Expiry (May 29) Major Resistance Zone 55600 & 55700 strikes have high Call OI: 55600 CE: 1.71L 55700 CE: 1.65L LTPs are declining, showing call writers are defending those levels. Major Support Zone 55000 PE OI: 9.53L (highest Put OI) Followed by 54700-54900 zone with decent Put writing. PCR = 0.9 → Slightly bearish to neutral. --- Open Interest Analytics  Max Call OI: 55000–55600 Max Put OI: 55000 (Strong base) Total...
Read more