Banknifty analysis for 11 july 2025

Nifty Bank Analysis for 11 July 2025: Key Levels, OI Trends & Intraday Setups

As we step into the trading session for Thursday, July 11, Nifty Bank is showing signs of pressure near key resistance zones. Option chain data and price action are signaling potential for range-bound to bearish setups, with heavy call writing capping the upside.

Here’s a detailed breakdown of what the data is telling us and how you can position yourself smartly for intraday trades.

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🔍 Option Chain  (31 July Expiry)

Let’s start with the open interest (OI) buildup, which gives us a clear picture of market participants' positioning:

Max OI concentration:

Calls: 57,000 CE (12.0 lakh contracts)

Puts: 57,000 PE (12.4 lakh contracts)

This makes 57,000 the battle zone for now.

Resistance levels based on call OI:

57,200 CE and 57,300 CE are seeing fresh call writing, further strengthening the resistance overhead.

Support levels based on put OI:

Some positioning seen at 56,500 PE (6.4 L contracts)

Below that, 56,200 PE holds swing support.

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⚔️ OI Change Analysis – Bears Tighten Their Grip

The change in OI paints a bearish tilt:

Fresh call writing at 57,000–57,300

Put unwinding at 57,000 suggests lack of bullish confidence

Put-Call Ratio (PCR) for 31 July expiry stands at 0.86 and is falling – a sign that supply is increasing.

In short, bears are defending every small bounce.

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📈 Technical Price Action: Rejection from Highs

Looking at the hourly chart of Nifty Bank:

The index is forming lower highs and lower lows since touching 57,600.

Multiple wicks show selling pressure near 57,100–57,200.

Immediate demand support lies around 56,700–56,800.

Price closed around 56,957, suggesting indecision at support.

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🔑 Key Spot Levels to Watch (For Intraday Traders)

Type Zone Reason

Resistance 1 57,000–57,100 Highest OI, rejection zone, call writing

Resistance 2 57,300–57,350 Heavy fresh OI in calls

Support 1 56,700–56,800 Previous demand + minor put support

Support 2 56,500 High put OI (6.4L)

Support 3 56,200 Swing low from hourly chart

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🧠 Intraday Trading Setups for 11 July (With Logic)

🔻 Setup A: Sell on Rally (Higher Probability)

Trigger: Price tests 57,000–57,100 and shows 5-/15-min rejection candle.

Trade:

Short Futures

Or Buy 57,000 PE 

Stoploss: Spot above 57,250

Target 1: 56,750

Target 2: 56,550

🔼 Setup B: Buy on Dip (Only if support holds)

Trigger: Price dips to 56,500–56,550 and gives a bullish hammer with fresh put writing

Trade:

Long Futures

Or Buy 56,500 CE

Stoploss: Spot below 56,350

Target 1: 56,900

Target 2: 57,050

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🧾 Risk Management Tips

1. Focus on first 90 minutes and last-hour moves – liquidity is highest.

2. Use strict stoploss – Bank Nifty swings are sharp.

3. Trail your stop once trade is +100 points in your favor.

4. Exit short trades if 57,000 CE OI starts unwinding – this would signal bullish strength.

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🎯 Conclusion: Bears in Control, But Watch the Supports

Bank Nifty is clearly facing headwinds around the 57,000 mark. With heavy call OI and waning put support, the bias remains sideways to negative unless strong demand re-emerges at the lower levels. For now, the playbook favors selling into rallies rather than chasing longs — at least until the data flips.

 “Jab tak 57k ke upar OI unwinding nahi dikhti, rallies short karte rehna chahiye. Put writing wapas aaye tabhi bounce trade lena safe hai.”

Trade safe and stay nimble!

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