Banknifty analysis for 10 july 2025

 Based on the option chain data, OI analytics, and price action chart for Bank Nifty (Spot: 57213) for expiry 31 July 2025, here is a detailed analysis:

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🔍 Key Observations


🔹 Option Chain :


Highest Call OI:


57200 CE → 3.70L (Strong resistance)


57300 CE → 3.01L


57000 CE → 10.81L (though less relevant due to large OI change)



Highest Put OI:


57000 PE → 13.86L (Strong support)


57700 PE → 53K (Rising support)


57600 PE → 54.6K


PCR (Put/Call Ratio):


Overall PCR is 0.96 → Market is neutral to slightly bearish.

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🔹 OI Change :


Call Writing observed at:


57200, 57300, 57500 (Resistance zones)


Put Unwinding observed at:


56900, 57000 (Weakening of support)


📉 This indicates weakness in the support zones, and traders are cautious on the downside.


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🔹 Price Action :


Price trading around 57213, with visible resistance at:


57230–57300 zone


Immediate support on the chart:


57000–57100 zone


Sharp rejection from above 57600 earlier confirms strong resistance.

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📊 Support & Resistance Levels


Type Levels Reasoning


Support 57000 Highest Put OI + psychological level

56700 Past consolidation zone

56300 Swing low from price chart

Resistance 57300 Call writing + OI buildup

57500 Repeated rejection & call OI buildup

57700–57800 Strong call resistance, no PE support

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📌 Intraday Trade Setup Suggestion


1. Scenario: Price below 57200


Bias: Bearish


Trade: Sell on rise near 57250–57300


Target: 57000 → 56800


Stop Loss: 57380 (above CE resistance zone)



2. Scenario: Price breaks above 57300


Bias: Bullish momentum


Trade: Buy above 57320 CE breakout


Target: 57500 → 57700


Stop Loss: 57180

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🧠 Ideal Trade for Intraday (Current Setup):


Given:


Price is below strong resistance (57300).


Put unwinding near 57000.


PCR < 1.


Call writing at ATM/OTM strikes.


🔻 Trade Idea: Bearish bias below 57230


Sell on any rise toward 57250–57300.


Target: 57000 (or lower at 56800 intraday).


Use: 57200 CE or 57100 CE to short OR buy 57100 PE with tight SL.


Thanks 

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