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)

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🔍 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

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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

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3. Intraday Chart (1H Timeframe)


Price bounced from ~56800 levels


Currently consolidating near 57044, forming a lower high structure


RSI: 52.58 — neutral to slightly bullish, but no overbought/oversold condition

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📊 Sentiment Analysis: Buyers vs Sellers


Criteria Sentiment


PCR ~ 0.96 Neutral/Bearish

Call OI > Put OI Bearish

OI Change (Call Writing) Bearish

Price Action (Bounce) Bullish Reversal Attempt

RSI Neutral (52) Watchful phase

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✅ Ideal Intraday Strategy


Scenario-Based Plan for July 7 Intraday:


📈 Bullish Trade (Above 57100)


Trigger: Price sustains above 57100 with volume


Entry: Buy above 57100


Target: 57300 / 57400


SL: 56950



📉 Bearish Trade (Below 56850)


Trigger: Breakdown below 56850 + volume


Entry: Sell below 56850


Target: 56500 / 56300


SL: 57000

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🔒 Safe Zones for Scalping


Avoid trading between 56950–57100 (No clear direction)


Look for breakout or breakdown of this zone

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🧠 Conclusion


Bias: Slightly bearish unless 57100 is broken and sustained


Support: 57000, 56700


Resistance: 57200–57500


Market Setup: Bearish buildup seen in OI, but price trying to hold — expect volatility

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Thanks 

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