Banknifty analysis for 16 july 2025

 Here's a clean, pointwise  the Bank Nifty intraday plan designed for option buying on a 5-minute chart

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🔥 Bank Nifty Intraday Plan (Option Buying) – 5 Min Chart Based Strategy

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🔍 Key Spot Levels (Based on OI + Price Action)


1. Resistance Zone R2: 57,400 – 57,500

▪ Strong Call OI buildup.

▪ Almost no Put writers defending this zone.



2. Resistance Zone R1: 57,080 – 57,200

▪ Highest change in OI at 57,100 CE.

▪ Price rejecting from trendline here.



3. Support Zone S1: 56,780 – 56,850

▪ Fresh Put writing seen at 56,800.

▪ Call unwinding confirms demand.



4. Support Zone S2: 56,550 – 56,600

▪ Historical price bounce zones.

▪ Decent Put OI still active here.



5. Pivot Zone: 57,000

▪ Highest OI on both sides (CE & PE).

▪ Market treating it as a key control level.

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📊 Market Sentiment Insights


Put Call Ratio (PCR): Falling from 0.91 → 0.84 = slightly bearish.


Writers’ Behavior:


Call writers active above 57,100.


Put writers defending 56,800.



Conclusion: Expect tight movement between 56,780–57,200. Breakout outside this range = explosive.

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⚡ Trade Setup A: “Trendline Rejection” – Buy PUT


Entry Conditions:


Spot moves up to 57,100 – 57,150, then forms a bearish candle on the 5-min chart.


OI Snapshot confirms fresh Call writing at 57,100 / 57,200 + Put unwinding.



Trade Plan:


✅ Buy: 57,100 PE


❌ Stop-loss: Spot closes above 57,220 OR premium falls 25%


🎯 Target 1: 56,900


🎯 Target 2: 56,780 (trail SL here)



Why it works:

You’re trading against strong resistance + confirmation from both price & OI = powerful rejection.-


🚀 Trade Setup B: “OI-Backed Breakout” – Buy CALL


Entry Conditions:


Spot closes above 57,220 on the 5-min chart with strong volume.


Live OI confirms Call unwinding at 57,100+ and Put writing shifting higher.


Trade Plan:


✅ Buy: 57,200 CE 


❌ Stop-loss: Spot drops below 57,080 OR option premium cuts 25%


🎯 Target 1: 57,350


🎯 Target 2: 57,480 (trail here)



Why it works:

Clean breakout + short covering = rapid option premium expansion.

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📌 Risk Management & Execution Tips


⏰ Best time to trade: First 90 min & post 1:45 PM.


💡 Use ITM strikes if IV is low to reduce theta decay.


🚫 Never hold both trades – act on only one valid trigger.

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✅ Stick to the setup. Manage risk. Scalping Bank Nifty options doesn’t need to be risky if you’re disciplined.



Thanks 

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